International Flavors & Fragrances (NYSE:IFF) Given New $90.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley has lowered the price target for International Flavors & Fragrances (NYSE:IFF) from $92.00 to $90.00, suggesting a potential upside of 42.72% from the current stock price.
• Thirteen research analysts have issued a "Buy" rating for the stock, with an average target price of $91.80.
• The company reported quarterly earnings of $1.15 per share, surpassing estimates, but experienced a 4.3% decline in revenue year-over-year.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its target price decreased by investment analysts at Morgan Stanley from $92.00 to $90.00 in a report issued on Monday, MarketBeat.com reports. The brokerage presently has an "overweight" rating on the specialty chemicals company's stock. Morgan Stanley's price target would indicate a potential upside of 44.68% from the company's previous close.

A number of other equities analysts have also recently commented on the company. Tigress Financial reaffirmed a "buy" rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Wolfe Research raised International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a report on Monday, September 8th. Wells Fargo & Company decreased 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. Barclays decreased their target price on 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, BNP Paribas Exane decreased their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, September 11th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.80.

International Flavors & Fragrances Stock Performance

Shares of IFF stock traded down $1.33 on Monday, reaching $62.21. The stock had a trading volume of 2,417,226 shares, compared to its average volume of 2,166,424. The stock has a market cap of $15.94 billion, a P/E ratio of -40.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. International Flavors & Fragrances has a 1 year low of $62.17 and a 1 year high of $106.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The company has a 50 day simple moving average of $68.25 and a 200 day simple moving average of $73.31.

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

Insider Activity

In other news, Director Paul J. Fribourg bought 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares of the company's stock, valued at $1,001,160. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the acquisition, the chief executive officer directly 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 position. The disclosure for this purchase can be found here. Insiders own 0.17% of the company's stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Several large investors have recently made changes to their positions in IFF. Blue Trust Inc. grew its position in 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 worth $161,000 after acquiring an additional 155 shares in the last quarter. Horizon Investments LLC grew its position in 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 worth $285,000 after acquiring an additional 172 shares in the last quarter. UMB Bank n.a. grew its position in 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 worth $95,000 after acquiring an additional 190 shares in the last quarter. Eastern Bank grew its position in International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company's stock worth $47,000 after acquiring an additional 193 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in 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 worth $5,113,000 after acquiring an additional 200 shares in the last quarter. 96.02% of the stock is 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.