International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $78.00

International Flavors & Fragrances (NYSE:IFF) had its price target upped by Barclays from $75.00 to $78.00 in a research note issued to investors on Friday,MarketScreener reports. Barclays currently has an overweight rating on the specialty chemicals company’s stock.

IFF has been the topic of a number of other research reports. BNP Paribas Exane dropped their price target on shares of International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. UBS Group upped their target price on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Argus reduced their price target on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. BNP Paribas lowered their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Finally, Citigroup cut their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.66.

International Flavors & Fragrances Price Performance

IFF opened at $71.73 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The company has a market cap of $18.37 billion, a price-to-earnings ratio of -44.28, a price-to-earnings-growth ratio of 2.69 and a beta of 1.04. The stock has a fifty day simple moving average of $66.99 and a two-hundred day simple moving average of $66.86. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $88.09.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm earned $1.04 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. Research analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio is presently -98.77%.

Institutional Trading of International Flavors & Fragrances

A number of hedge funds have recently bought and sold shares of the company. Dodge & Cox grew its stake in shares of International Flavors & Fragrances by 5.5% during the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after purchasing an additional 1,925,251 shares during the period. Vanguard Group Inc. boosted its holdings in shares of International Flavors & Fragrances by 0.8% in the third quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock worth $1,915,936,000 after buying an additional 252,983 shares during the last quarter. State Street Corp grew its position in International Flavors & Fragrances by 0.8% during the third quarter. State Street Corp now owns 10,971,108 shares of the specialty chemicals company’s stock valued at $679,460,000 after buying an additional 86,134 shares during the period. Invesco Ltd. increased its holdings in International Flavors & Fragrances by 131.3% during the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after buying an additional 4,069,075 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in International Flavors & Fragrances by 27.3% in the third quarter. First Eagle Investment Management LLC now owns 6,927,070 shares of the specialty chemicals company’s stock worth $426,292,000 after acquiring an additional 1,485,976 shares during the period. Hedge funds and other institutional investors 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.