Mizuho Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $75.00

Key Points

• Mizuho has lowered the price target for International Flavors & Fragrances (NYSE:IFF) from $85.00 to $75.00, while maintaining an "outperform" rating on the stock.
• Multiple analysts have reduced their ratings on IFF, with Oppenheimer changing from "outperform" to "market perform," indicating a cautious outlook on the stock.
• Despite recent downgrades, IFF has a majority of analysts rating it as a "Moderate Buy," with an average price target of $90.25, suggesting potential upside from current valuations.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price objective reduced by analysts at Mizuho from $85.00 to $75.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the specialty chemicals company's stock. Mizuho's target price indicates a potential upside of 20.42% from the company's previous close.

Other analysts have also issued reports about the company. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 7th. Berenberg Bank reduced their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a "hold" rating on the stock in a research note on Monday. Barclays reduced their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. UBS Group dropped their target price on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Wells Fargo & Company dropped their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and an average price target of $90.25.

International Flavors & Fragrances Trading Up 1.3%

NYSE:IFF traded up $0.77 during mid-day trading on Friday, reaching $62.28. The company's stock had a trading volume of 94,953 shares, compared to its average volume of 1,865,239. The company's fifty day simple moving average is $65.95 and its two-hundred day simple moving average is $72.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances has a twelve month low of $59.89 and a twelve month high of $106.77. The stock has a market cap of $15.96 billion, a P/E ratio of -40.09, a P/E/G ratio of 2.64 and a beta of 1.07.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the company earned $1.16 EPS. The firm's quarterly revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current year.

Insider Buying and Selling

In other news, Director Paul J. Fribourg purchased 15,450 shares of the stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the acquisition, 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 filing with the SEC, which is accessible through this link. Also, CEO J Erik Fyrwald purchased 15,300 shares of the stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors have recently made changes to their positions in the company. NBC Securities Inc. grew its stake in International Flavors & Fragrances by 226,400.0% during the 1st quarter. NBC Securities Inc. now owns 2,265 shares of the specialty chemicals company's stock worth $175,000 after buying an additional 2,264 shares during the last quarter. Park Avenue Securities LLC grew its stake in International Flavors & Fragrances by 25.7% during the 1st quarter. Park Avenue Securities LLC now owns 6,433 shares of the specialty chemicals company's stock worth $499,000 after buying an additional 1,315 shares during the last quarter. Farther Finance Advisors LLC grew its stake in International Flavors & Fragrances by 48.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company's stock worth $119,000 after buying an additional 501 shares during the last quarter. Olstein Capital Management L.P. grew its stake in International Flavors & Fragrances by 1.0% during the 1st quarter. Olstein Capital Management L.P. now owns 105,000 shares of the specialty chemicals company's stock worth $8,149,000 after buying an additional 1,000 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in International Flavors & Fragrances by 77.3% during the 1st quarter. SG Americas Securities LLC now owns 17,297 shares of the specialty chemicals company's stock worth $1,342,000 after buying an additional 7,540 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

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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