International Flavors & Fragrances (NYSE:IFF) Upgraded by Barclays to Overweight Rating

International Flavors & Fragrances (NYSE:IFF - Get Free Report) was upgraded by analysts at Barclays from an "equal weight" rating to an "overweight" rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm currently has a $84.00 price target on the specialty chemicals company's stock. Barclays's target price suggests a potential upside of 13.99% from the stock's current price.

Several other research firms have also commented on IFF. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research note on Wednesday. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Bank of America decreased their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Citigroup dropped their price target on International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus price target of $93.00.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $73.69 on Thursday. The company has a 50 day moving average price of $76.65 and a 200-day moving average price of $84.10. The company has a market capitalization of $18.85 billion, a PE ratio of 78.39, a P/E/G ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. International Flavors & Fragrances's revenue was down 1.9% on a year-over-year basis. As a group, equities analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Insider Activity

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

Institutional Trading of International Flavors & Fragrances

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC increased its stake in International Flavors & Fragrances by 9.3% during the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company's stock worth $924,000 after buying an additional 750 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of International Flavors & Fragrances by 2.1% during the third quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company's stock worth $49,388,000 after purchasing an additional 9,555 shares in the last quarter. First Hawaiian Bank raised its stake in International Flavors & Fragrances by 13.3% in the 4th quarter. First Hawaiian Bank now owns 27,330 shares of the specialty chemicals company's stock valued at $2,311,000 after purchasing an additional 3,202 shares during the last quarter. Czech National Bank lifted its holdings in International Flavors & Fragrances by 6.4% in the 4th quarter. Czech National Bank now owns 55,437 shares of the specialty chemicals company's stock valued at $4,687,000 after purchasing an additional 3,357 shares in the last quarter. Finally, Wedmont Private Capital boosted its stake in International Flavors & Fragrances by 43.4% during the 4th quarter. Wedmont Private Capital now owns 3,414 shares of the specialty chemicals company's stock worth $278,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

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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