Barclays Raises International Flavors & Fragrances (NYSE:IFF) Price Target to $93.00

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its target price hoisted by investment analysts at Barclays from $82.00 to $93.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the specialty chemicals company's stock. Barclays's price target would suggest a potential downside of 4.35% from the company's current price.

IFF has been the subject of a number of other research reports. Wolfe Research initiated coverage on shares of International Flavors & Fragrances in a research report on Friday, March 1st. They set an "underperform" rating for the company. Mizuho raised their price objective on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a "neutral" rating in a report on Tuesday. Stifel Nicolaus boosted their target price on International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a "hold" rating in a report on Tuesday. UBS Group raised their price target on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a "neutral" rating in a report on Thursday, January 11th. Finally, Citigroup boosted their price objective on International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Hold" and a consensus price target of $93.18.

International Flavors & Fragrances Stock Performance

Shares of IFF traded up $2.90 during trading hours on Wednesday, reaching $97.23. 3,151,556 shares of the company traded hands, compared to its average volume of 2,135,339. International Flavors & Fragrances has a 1-year low of $62.11 and a 1-year high of $97.35. The stock has a market cap of $24.82 billion, a P/E ratio of -9.68, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The stock's fifty day moving average is $83.72 and its 200 day moving average is $79.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the company posted $0.87 earnings per share. International Flavors & Fragrances's revenue was down 4.2% on a year-over-year basis. Equities research analysts anticipate that International Flavors & Fragrances will post 3.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in International Flavors & Fragrances by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company's stock valued at $2,381,000 after buying an additional 130 shares in the last quarter. Parallel Advisors LLC increased its position in International Flavors & Fragrances by 3.9% during the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the specialty chemicals company's stock worth $298,000 after purchasing an additional 138 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its position in International Flavors & Fragrances by 3.2% in the third quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company's stock valued at $330,000 after buying an additional 148 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of International Flavors & Fragrances by 9.7% during the third quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company's stock worth $117,000 after buying an additional 152 shares during the last quarter. Finally, Pflug Koory LLC increased its holdings in shares of International Flavors & Fragrances by 2.4% during the first quarter. Pflug Koory LLC now owns 6,522 shares of the specialty chemicals company's stock worth $561,000 after buying an additional 152 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.