International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $80.00 by Analysts at Barclays

International Flavors & Fragrances (NYSE:IFF) had its target price reduced by Barclays from $91.00 to $80.00 in a report issued on Tuesday, Marketbeat Ratings reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Several other research firms have also issued reports on IFF. Deutsche Bank Aktiengesellschaft lifted their price target on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. BNP Paribas Exane lowered their price objective on shares of International Flavors & Fragrances from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Argus lifted their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Rothschild & Co Redburn lifted their price objective on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.10.

International Flavors & Fragrances Trading Up 1.2%

International Flavors & Fragrances stock opened at $72.59 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The firm has a market cap of $18.54 billion, a price-to-earnings ratio of -52.99, a price-to-earnings-growth ratio of 1.87 and a beta of 1.02. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $84.45. The firm’s 50 day moving average price is $74.71 and its two-hundred day moving average price is $69.17.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. On average, research analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 20th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -116.79%.

Insider Activity

In related news, Director Paul J. Fribourg bought 142,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the purchase, the director directly owned 2,422,730 shares of the company’s stock, valued at approximately $169,906,054.90. This represents a 6.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors have recently modified their holdings of IFF. Lloyd Advisory Services LLC. acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $27,000. True Wealth Design LLC lifted its stake in shares of International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at $49,000. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.