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

Key Points

• Citigroup has reduced its price target for International Flavors & Fragrances from $82.00 to $75.00, while still maintaining a "buy" rating on the stock, which indicates a potential upside of 20.84% from its previous closing price.
• In its latest earnings report, International Flavors & Fragrances exceeded EPS estimates but reported a 4.3% decline in quarterly revenue compared to the same period last year.
• The stock's average target price is currently $89.37, with a consensus rating of "Moderate Buy" from 19 analysts, including 13 buy ratings and 4 hold ratings.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price target lowered by Citigroup from $82.00 to $75.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty chemicals company's stock. Citigroup's price target points to a potential upside of 20.84% from the stock's previous close.

Several other equities research analysts have also issued reports on IFF. Weiss Ratings restated a "sell (d+)" rating on shares of International Flavors & Fragrances in a research note on Saturday, September 27th. Tigress Financial reaffirmed a "buy" rating and issued a $105.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. BNP Paribas Exane cut their price target 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. UBS Group cut their target price on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Berenberg Bank dropped their price target on International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a research note on Monday, September 29th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.37.

International Flavors & Fragrances Stock Down 0.2%

Shares of NYSE IFF traded down $0.12 during trading on Monday, hitting $62.06. 342,046 shares of the company traded hands, compared to its average volume of 1,864,642. The business's fifty day moving average is $65.66 and its 200 day moving average is $72.13. International Flavors & Fragrances has a fifty-two week low of $59.89 and a fifty-two week high of $106.77. The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of -40.02, a P/E/G ratio of 2.70 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86.

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

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald acquired 15,300 shares of the business's stock in a transaction on Thursday, August 7th. The shares were acquired 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 $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg acquired 15,450 shares of the business's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the acquisition, the director owned 15,450 shares of the company's stock, valued at approximately $1,001,160. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of International Flavors & Fragrances

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Banque Transatlantique SA purchased a new stake in International Flavors & Fragrances during the first quarter valued at approximately $32,000. American National Bank & Trust grew its stake in 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 valued at $36,000 after acquiring an additional 479 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in International Flavors & Fragrances during the first quarter valued at $42,000. Elkhorn Partners Limited Partnership lifted its position in International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company's stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other 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.

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