BNP Paribas Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

Key Points

• BNP Paribas has lowered its price target for International Flavors & Fragrances (NYSE:IFF) from $92.00 to $91.00, suggesting a potential upside of 49.45% from the current stock price.
• The stock has received ratings from various analysts; thirteen rate it as a Buy, four as a Hold, and one as a Sell, with a consensus target price of $90.96.
• Despite a 4.3% year-over-year decline in quarterly revenue, the company reported an EPS of $1.15, exceeding estimates by $0.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price target lowered by research analysts at BNP Paribas from $92.00 to $91.00 in a note issued to investors on Monday,MarketScreener reports. BNP Paribas' price objective indicates a potential upside of 49.45% from the stock's current price.

A number of other research analysts also recently issued reports on the stock. Tigress Financial restated a "buy" rating and set a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Wells Fargo & Company cut their price objective 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. BNP Paribas Exane cut their price objective on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Morgan Stanley cut their price objective on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, September 22nd. Finally, Wolfe Research raised shares of International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a report on Monday, September 8th. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.96.

International Flavors & Fragrances Trading Down 0.1%

NYSE:IFF opened at $60.89 on Monday. The company has a market capitalization of $15.61 billion, a P/E ratio of -39.28, a PEG ratio of 2.63 and a beta of 1.07. The firm has a fifty day simple moving average of $66.88 and a 200-day simple moving average of $72.67. International Flavors & Fragrances has a 12 month low of $59.89 and a 12 month high of $106.77. 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 (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (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 the consensus estimate of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Insider Activity

In related news, Director Paul J. Fribourg acquired 15,450 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the acquisition, the director owned 15,450 shares in the company, valued at $1,001,160. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the acquisition, the chief executive officer owned 77,370 shares in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.17% of the company's stock.

Institutional Investors Weigh In On International Flavors & Fragrances

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

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.

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