International Flavors & Fragrances (NYSE:IFF) Given New $80.00 Price Target at Barclays

Key Points

• Barclays cut its price target on International Flavors & Fragrances from $91 to $80 while keeping an "overweight" rating, implying roughly a 11.9% upside from the prior close.
• Analyst sentiment remains moderately bullish — 12 Buys, 4 Holds, 1 Sell — with a consensus price target of $88.10 versus the stock's recent open near $71.47.
• Director Paul J. Fribourg purchased 142,000 shares at an average of $70.13 (~$9.96 million), increasing his stake and signaling notable insider buying.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price target lowered by equities researchers at Barclays from $91.00 to $80.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has an "overweight" rating on the specialty chemicals company's stock. Barclays's price target points to a potential upside of 11.93% from the stock's previous close.

Several other equities research analysts have also recently weighed in on IFF. Citigroup reduced their price target on International Flavors & Fragrances from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday. Bank of America boosted their target price on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, January 8th. Rothschild & Co Redburn increased their price target on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, March 2nd. Wells Fargo & Company lifted their price target on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a report on Sunday, January 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and a consensus price target of $88.10.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $71.47 on Tuesday. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $84.45. The stock has a market capitalization of $18.26 billion, a P/E ratio of -52.37, a P/E/G ratio of 1.90 and a beta of 1.02. The company's 50-day moving average is $74.67 and its 200 day moving average is $69.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business's revenue was down 6.6% compared to the same quarter last year. On average, sell-side analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg acquired 142,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director owned 2,422,730 shares of the company's stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.07% of the stock is currently owned by insiders.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in shares of International Flavors & Fragrances by 131.3% during the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company's stock valued at $441,068,000 after purchasing an additional 4,069,075 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in International Flavors & Fragrances in the 4th quarter worth about $211,703,000. Ameriprise Financial Inc. raised its position in International Flavors & Fragrances by 1,842.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company's stock worth $183,264,000 after buying an additional 2,363,307 shares during the last quarter. Dodge & Cox lifted its stake in International Flavors & Fragrances by 5.5% during the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company's stock valued at $2,275,296,000 after acquiring an additional 1,925,251 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of International Flavors & Fragrances by 27.5% during the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company's stock valued at $595,166,000 after acquiring an additional 1,904,598 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc NYSE: IFF is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF's research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.

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