International Flavors & Fragrances (NYSE:IFF) Hits New 52-Week Low Following Analyst Downgrade

Key Points

• International Flavors & Fragrances (NYSE:IFF) reached a new 52-week low of $60.08 following a downgrade by Berenberg Bank, which lowered its price target from $78.80 to $78.30.
• Despite the recent downgrade, thirteen analysts maintain a buy rating on the company, with an average target price of $90.96.
• CEO J Erik Fyrwald and Director Paul J. Fribourg made recent insider purchases, indicating confidence in the company's prospects, acquiring shares valued at approximately $993,735 and $1,001,160, respectively.

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) hit a new 52-week low on Monday after Berenberg Bank lowered their price target on the stock from $78.80 to $78.30. Berenberg Bank currently has a hold rating on the stock. International Flavors & Fragrances traded as low as $60.08 and last traded at $60.11, with a volume of 54029 shares traded. The stock had previously closed at $60.32.

Other analysts have also recently issued reports about the company. UBS Group dropped their price target on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 7th. Wolfe Research raised International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a research report on Monday, September 8th. 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. Finally, BNP Paribas Exane cut their price objective on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.96.

Insider Transactions at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald acquired 15,300 shares of the firm's stock in a transaction on 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 15,450 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the acquisition, the director directly owned 15,450 shares of the company's stock, valued at approximately $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA bought a new position in International Flavors & Fragrances in the 1st quarter worth approximately $32,000. American National Bank & Trust grew its holdings in shares of International Flavors & Fragrances by 11,975.0% in the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company's stock valued at $36,000 after buying an additional 479 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of International Flavors & Fragrances in the 1st quarter valued at $42,000. Elkhorn Partners Limited Partnership grew its holdings in shares of International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company's stock valued at $44,000 after buying an additional 400 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock valued at $46,000 after buying an additional 210 shares during the period. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Down 0.3%

The company has a market cap of $15.41 billion, a price-to-earnings ratio of -38.76, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average price is $67.19 and its 200-day moving average price is $72.80.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates 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 company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.7%. International Flavors & Fragrances's payout ratio is -103.23%.

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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