International Flavors & Fragrances (NYSE:IFF) Upgraded by Wolfe Research to "Peer Perform" Rating

Key Points

• International Flavors & Fragrances (NYSE:IFF) was upgraded from an "underperform" to a "peer perform" rating by Wolfe Research.
• The company reported a quarterly earnings of $1.15 EPS, exceeding the consensus estimate of $1.11, although revenue decreased by 4.3% year-over-year.
• Institutional investors hold 96.02% of the company's stock, indicating strong institutional interest in the company's performance.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) was upgraded by analysts at Wolfe Research from an "underperform" rating to a "peer perform" rating in a report released on Monday, Marketbeat reports.

A number of other equities analysts have also commented on the stock. Barclays decreased their price objective on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Tigress Financial restated a "buy" rating and set a $105.00 price target on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. UBS Group lowered their price objective on shares of 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 downgraded shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 7th. Finally, Morgan Stanley lowered their price objective on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.36.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $65.97 on Monday. International Flavors & Fragrances has a 12 month low of $62.33 and a 12 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 firm has a market capitalization of $16.91 billion, a PE ratio of -42.56, a P/E/G ratio of 2.86 and a beta of 1.07. The company's 50 day simple moving average is $70.72 and its 200 day simple moving average is $74.58.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same period in the previous year, the business earned $1.16 earnings per share. International Flavors & Fragrances's revenue for the quarter was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the transaction, the director owned 15,450 shares of the company's stock, valued at $1,001,160. The trade was 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. Also, CEO J Erik Fyrwald acquired 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the transaction, the chief executive officer directly owned 77,370 shares of the company's stock, valued at $5,025,181.50. This trade represents a 24.65% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company's stock.

Institutional Trading of International Flavors & Fragrances

Several hedge funds and other institutional investors have recently bought and sold shares of IFF. First Eagle Investment Management LLC grew its position in International Flavors & Fragrances by 122.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company's stock worth $400,192,000 after purchasing an additional 2,991,405 shares during the last quarter. Ilex Capital Partners UK LLP bought a new position in International Flavors & Fragrances in the second quarter worth $212,090,000. Ameriprise Financial Inc. lifted its position in International Flavors & Fragrances by 1,842.0% in the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company's stock worth $183,264,000 after purchasing an additional 2,363,307 shares during the period. Dodge & Cox lifted its position in International Flavors & Fragrances by 7.4% in the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company's stock worth $2,621,247,000 after purchasing an additional 2,336,844 shares during the period. Finally, Norges Bank bought a new position in International Flavors & Fragrances in the second quarter worth $152,736,000. 96.02% of the stock is currently 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.

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