Barclays Boosts International Flavors & Fragrances (NYSE:IFF) Price Target to $75.00

International Flavors & Fragrances (NYSE:IFF - Free Report) had its price objective boosted by Barclays from $69.00 to $75.00 in a research note published on Friday morning, Benzinga reports. They currently have an underweight rating on the specialty chemicals company's stock.

A number of other brokerages have also recently weighed in on IFF. Robert W. Baird boosted their price target on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an outperform rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft upped their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and raised their target price for the stock from $73.00 to $112.00 in a research report on Friday, January 12th. Finally, Argus downgraded shares of International Flavors & Fragrances from a buy rating to a hold rating in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $86.35.

International Flavors & Fragrances Stock Down 3.4 %

International Flavors & Fragrances stock traded down $2.96 during midday trading on Friday, reaching $83.61. The company's stock had a trading volume of 1,523,526 shares, compared to its average volume of 2,249,521. The business has a 50-day simple moving average of $81.33 and a 200-day simple moving average of $76.70. The company has a market cap of $21.35 billion, a P/E ratio of -8.28, a P/E/G ratio of 1.92 and a beta of 1.23. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances's revenue was down 5.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, research analysts expect that International Flavors & Fragrances will post 3.69 earnings per share for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, March 21st. International Flavors & Fragrances's dividend payout ratio is currently -15.94%.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC increased its stake in shares of International Flavors & Fragrances by 3,000.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Clear Street Markets LLC purchased a new position in International Flavors & Fragrances during the fourth quarter worth $27,000. Penserra Capital Management LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth $31,000. Covestor Ltd lifted its position in shares of International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 80 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at $41,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.