International Flavors & Fragrances (NYSE:IFF) Given New $82.00 Price Target at Barclays

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

IFF has been the topic of a number of other reports. Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company cut their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a report on Thursday, February 20th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Oppenheimer decreased their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus price target of $103.31.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $78.25 on Thursday. International Flavors & Fragrances has a twelve month low of $76.60 and a twelve month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $82.73 and a two-hundred day moving average of $90.16. The company has a market capitalization of $20.01 billion, a price-to-earnings ratio of 83.24, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s payout ratio is currently 170.21%.

Insider Activity

In other International Flavors & Fragrances news, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of International Flavors & Fragrances

Several large investors have recently added to or reduced their stakes in IFF. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances in the fourth quarter worth $32,000. Point72 Hong Kong Ltd acquired a new stake in shares of International Flavors & Fragrances in the third quarter worth about $42,000. Fairway Wealth LLC bought a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $34,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $42,000. Finally, Principal Securities Inc. lifted its holdings in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

About International Flavors & Fragrances

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.