Barclays Issues Positive Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price target lifted by Barclays from $72.00 to $75.00 in a report published on Friday,Benzinga reports. Barclays currently has an overweight rating on the specialty chemicals company’s stock.

IFF has been the subject of a number of other reports. Weiss Ratings reissued a “sell (d)” rating on shares of International Flavors & Fragrances in a report on Friday, October 31st. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Berenberg Bank decreased their target price on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research report on Monday, September 29th. Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. Finally, UBS Group lifted their price objective on International Flavors & Fragrances from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.02.

International Flavors & Fragrances Stock Performance

NYSE:IFF traded down $0.98 during mid-day trading on Friday, hitting $61.87. 3,193,347 shares of the company’s stock traded hands, compared to its average volume of 1,930,574. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $63.31 and a two-hundred day moving average of $70.19. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of -39.92, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $93.08.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.6%. International Flavors & Fragrances’s payout ratio is currently -98.77%.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently made changes to their positions in the company. Banque Transatlantique SA bought a new position in International Flavors & Fragrances during the 1st quarter valued at about $32,000. American National Bank & Trust increased its holdings in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 479 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of International Flavors & Fragrances in the first quarter valued at approximately $42,000. True Wealth Design LLC boosted its holdings in shares of International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 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.