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

International Flavors & Fragrances (NYSE:IFF) had its target price decreased by equities researchers at Barclays from $83.00 to $82.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s target price indicates a potential upside of 5.41% from the company’s previous close.

IFF has been the subject of a number of other reports. Wells Fargo & Company dropped their price objective 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. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, Oppenheimer dropped their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.31.

International Flavors & Fragrances Trading Up 1.1 %

Shares of International Flavors & Fragrances stock opened at $77.79 on Thursday. The company has a 50-day moving average of $82.85 and a two-hundred day moving average of $90.25. International Flavors & Fragrances has a 12-month low of $75.63 and a 12-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 stock has a market cap of $19.89 billion, a PE ratio of 82.66, 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 data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, research analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O’byrne bought 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, 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 this link. 0.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of hedge funds have recently made changes to their positions in IFF. Dodge & Cox grew its stake in shares of International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock valued at $2,658,063,000 after purchasing an additional 3,355,381 shares during the period. Vanguard Group Inc. lifted its position in shares of International Flavors & Fragrances by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock worth $2,554,996,000 after purchasing an additional 164,945 shares in the last quarter. Freemont Capital Pte Ltd bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $2,143,882,000. State Street Corp lifted its holdings in International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after buying an additional 196,696 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in International Flavors & Fragrances by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock valued at $520,032,000 after buying an additional 157,948 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.