International Flavors & Fragrances (NYSE:IFF) Given New $76.00 Price Target at Barclays

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price target reduced by equities research analysts at Barclays from $82.00 to $76.00 in a report released on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the specialty chemicals company's stock. Barclays's target price indicates a potential upside of 3.64% from the company's current price.

Several other research analysts have also weighed in on the company. Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Citigroup reduced their price target on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a research note on Thursday, February 20th. Oppenheimer lowered their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, Bank of America cut their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $95.69.

International Flavors & Fragrances Price Performance

NYSE:IFF traded up $2.27 during mid-day trading on Monday, reaching $73.33. 3,005,265 shares of the stock were exchanged, compared to its average volume of 1,527,877. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $78.18 and a 200 day moving average price of $86.47. International Flavors & Fragrances has a 1-year low of $65.85 and a 1-year high of $106.77. The firm has a market capitalization of $18.75 billion, a PE ratio of 78.01, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. Research analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds have recently modified their holdings of the stock. Dodge & Cox grew its position in International Flavors & Fragrances by 11.9% during the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock worth $2,658,063,000 after acquiring an additional 3,355,381 shares during the last quarter. Vanguard Group Inc. grew its position in shares of International Flavors & Fragrances by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company's stock worth $2,554,996,000 after buying an additional 164,945 shares during the period. Freemont Capital Pte Ltd bought a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $2,143,882,000. Geode Capital Management LLC grew its stake in shares of International Flavors & Fragrances by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company's stock worth $520,032,000 after purchasing an additional 157,948 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock valued at $478,912,000 after acquiring an additional 1,663,629 shares during the last quarter. 96.02% of the stock is 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.