International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $93.00 by Analysts at Barclays

International Flavors & Fragrances (NYSE:IFF) had its price target boosted by Barclays from $82.00 to $93.00 in a research report released on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the specialty chemicals company’s stock.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an overweight rating in a report on Wednesday. Wolfe Research started coverage on International Flavors & Fragrances in a report on Friday, March 1st. They set an underperform rating for the company. Robert W. Baird lifted their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an outperform rating in a report on Wednesday. Argus cut International Flavors & Fragrances from a buy rating to a hold rating in a report on Friday, March 8th. Finally, UBS Group raised their price target on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a neutral rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $93.18.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded down $0.18 during mid-day trading on Wednesday, reaching $97.05. 1,640,373 shares of the company were exchanged, compared to its average volume of 2,130,036. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The firm’s 50-day simple moving average is $83.72 and its two-hundred day simple moving average is $79.43. The firm has a market cap of $24.78 billion, a PE ratio of -9.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances has a twelve month low of $62.11 and a twelve month high of $97.48.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. Equities analysts predict that International Flavors & Fragrances will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC lifted its stake in shares of International Flavors & Fragrances by 3,000.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Riverview Trust Co acquired a new position in shares of International Flavors & Fragrances in the first quarter worth about $27,000. Quent Capital LLC lifted its stake in shares of International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 240 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $41,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances in the first quarter worth about $44,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.