Barclays Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $72.00

Key Points

• Barclays has lowered the price target for International Flavors & Fragrances (NYSE:IFF) from $78.00 to $72.00, maintaining an "overweight" rating, which suggests a potential upside of 20.83% from the current price.
• Other analysts, including UBS and Oppenheimer, have also reduced their price targets for IFF, underscoring a cautious outlook for the stock.
• Despite recent price cuts, the overall sentiment among analysts remains optimistic, with thirteen analysts

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price target dropped by equities researchers at Barclays from $78.00 to $72.00 in a report issued on Friday,MarketScreener reports. The firm presently has an "overweight" rating on the specialty chemicals company's stock. Barclays's price target indicates a potential upside of 20.83% from the stock's current price.

A number of other analysts have also recently commented on IFF. UBS Group lowered their price objective on shares of International Flavors & Fragrances from $71.00 to $66.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. BNP Paribas Exane decreased their price objective on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a research report on Thursday, September 11th. Mizuho dropped their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Finally, Wells Fargo & Company reduced their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and an average price target of $87.24.

International Flavors & Fragrances Trading Down 0.9%

NYSE IFF opened at $59.59 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $106.77. The company has a market capitalization of $15.27 billion, a PE ratio of -38.45, a P/E/G ratio of 2.58 and a beta of 1.07. The stock has a 50-day simple moving average of $64.49 and a 200 day simple moving average of $71.59.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.International Flavors & Fragrances's revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Research analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

Insiders Place Their Bets

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 15,300 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer owned 77,370 shares of the company's stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg purchased 15,450 shares of the stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the acquisition, the director directly owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company's stock.

Institutional Trading of International Flavors & Fragrances

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in International Flavors & Fragrances by 7.6% during the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company's stock worth $161,000 after buying an additional 155 shares during the last quarter. Horizon Investments LLC increased its stake in International Flavors & Fragrances by 4.9% in the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company's stock valued at $285,000 after purchasing an additional 172 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of International Flavors & Fragrances by 17.3% during the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company's stock valued at $95,000 after purchasing an additional 190 shares during the period. Eastern Bank boosted its holdings in International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company's stock worth $47,000 after acquiring an additional 193 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of International Flavors & Fragrances by 0.3% during the second quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company's stock valued at $5,113,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

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.

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