International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $66.00 at UBS Group

Key Points

• UBS Group has lowered its price target for International Flavors & Fragrances (IFF) from $71.00 to $66.00, while maintaining a "neutral" rating on the stock, suggesting a potential upside of 6.15%.
• Thirteen analysts currently rate IFF as a Buy, with an average target price of $88.61, despite the recent drop in stock value.
• In recent insider trading, both Director Paul J. Fribourg and CEO J Erik Fyrwald purchased shares of IFF, indicating confidence in the company's future potential.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price objective reduced by stock analysts at UBS Group from $71.00 to $66.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the specialty chemicals company's stock. UBS Group's price objective suggests a potential upside of 6.15% from the company's current price.

IFF has been the topic of a number of other research reports. Oppenheimer lowered shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Berenberg Bank cut their price objective on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating on the stock in a research report on Monday, September 29th. Citigroup cut their price objective on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday. Barclays lowered their target price on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Tigress Financial restated a "buy" rating and set a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average target price of $88.61.

International Flavors & Fragrances Stock Down 0.0%

Shares of International Flavors & Fragrances stock traded down $0.00 on Monday, hitting $62.18. The company had a trading volume of 425,662 shares, compared to its average volume of 1,865,290. The firm has a market capitalization of $15.94 billion, a P/E ratio of -40.07, a P/E/G ratio of 2.70 and a beta of 1.07. International Flavors & Fragrances has a twelve month low of $59.89 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The stock has a 50-day moving average of $65.66 and a 200-day moving average of $72.13.

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

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 15,450 shares of the firm's stock in a transaction on 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 completion of the acquisition, the director directly owned 15,450 shares in the company, valued at approximately $1,001,160. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of International Flavors & Fragrances by 7.6% in the second 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 in the last quarter. Horizon Investments LLC grew its stake in shares of International Flavors & Fragrances by 4.9% in the first quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company's stock valued at $285,000 after acquiring an additional 172 shares in the last quarter. UMB Bank n.a. grew its stake in shares of International Flavors & Fragrances by 17.3% in the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company's stock valued at $95,000 after acquiring an additional 190 shares in the last quarter. Eastern Bank grew its stake in shares of International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 193 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake 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 valued at $5,113,000 after acquiring an additional 200 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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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