International Flavors & Fragrances (NYSE:IFF) Given New $70.00 Price Target at Argus

Key Points

• International Flavors & Fragrances' price target was decreased from $85.00 to $70.00 by Argus, indicating a potential upside of 13.41% from the company's previous close.
• The company reported a net margin of -3.48% for its latest quarter, despite exceeding earnings estimates with $1.15 earnings per share against a consensus estimate of $1.11.
• Insider purchases included significant stock acquisitions by CEO J Erik Fyrwald and Director Paul J. Fribourg, demonstrating confidence in the company's future.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price target decreased by equities researchers at Argus from $85.00 to $70.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty chemicals company's stock. Argus' price objective indicates a potential upside of 13.41% from the company's previous close.

IFF has been the subject of several other reports. Morgan Stanley cut their price objective on International Flavors & Fragrances from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, September 22nd. BNP Paribas dropped their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Tigress Financial reaffirmed a "buy" rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Berenberg Bank dropped their target price on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating for the company in a research report on Monday, September 29th. Finally, BNP Paribas Exane dropped their target price on shares of International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, September 11th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.57.

International Flavors & Fragrances Trading Down 0.7%

International Flavors & Fragrances stock opened at $61.73 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of -39.80, a price-to-earnings-growth ratio of 2.70 and a beta of 1.07. The firm's 50 day moving average price is $65.39 and its two-hundred day moving average price is $72.02. International Flavors & Fragrances has a 1 year low of $59.89 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share 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 business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the firm posted $1.16 earnings per share. The firm'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. On average, research analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 15,450 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the acquisition, the director owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO J Erik Fyrwald purchased 15,300 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the purchase, 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 0.20% of the company's stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently added to or reduced their stakes in IFF. Park Avenue Securities LLC boosted its stake in shares of International Flavors & Fragrances by 25.7% in the 1st quarter. Park Avenue Securities LLC now owns 6,433 shares of the specialty chemicals company's stock valued at $499,000 after purchasing an additional 1,315 shares during the last quarter. Farther Finance Advisors LLC grew its position in International Flavors & Fragrances by 48.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company's stock worth $119,000 after purchasing an additional 501 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of International Flavors & Fragrances by 77.3% during the 1st quarter. SG Americas Securities LLC now owns 17,297 shares of the specialty chemicals company's stock worth $1,342,000 after purchasing an additional 7,540 shares during the period. CX Institutional purchased a new position in International Flavors & Fragrances in the first quarter valued at approximately $138,000. Finally, Simon Quick Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the first quarter worth about $283,000. 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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