International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $82.00 by Analysts at Barclays

International Flavors & Fragrances (NYSE:IFF) had its price target trimmed by Barclays from $83.00 to $82.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the specialty chemicals company’s stock.

A number of other research analysts also recently commented on the company. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer cut their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $103.31.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $78.25 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances has a one year low of $76.60 and a one year high of $106.77. The stock’s 50 day moving average price is $82.73 and its 200 day moving average price is $90.16. The firm has a market capitalization of $20.01 billion, a PE ratio of 83.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, sell-side analysts expect that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. International Flavors & Fragrances’s payout ratio is currently 170.21%.

Insiders Place Their Bets

In other news, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH grew its stake in shares of International Flavors & Fragrances by 19.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 3,312 shares of the specialty chemicals company’s stock worth $280,000 after purchasing an additional 545 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in International Flavors & Fragrances in the 4th quarter valued at about $11,819,000. Jefferies Financial Group Inc. grew its position in International Flavors & Fragrances by 378.0% in the 4th quarter. Jefferies Financial Group Inc. now owns 13,800 shares of the specialty chemicals company’s stock valued at $1,167,000 after buying an additional 10,913 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of International Flavors & Fragrances by 7.6% during the 4th quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company’s stock worth $1,931,000 after buying an additional 1,621 shares in the last quarter. Finally, Forum Financial Management LP lifted its stake in shares of International Flavors & Fragrances by 58.8% in the 4th quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company’s stock worth $330,000 after acquiring an additional 1,446 shares during the period. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.