Robert W. Baird Issues Pessimistic Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its target price lowered by investment analysts at Robert W. Baird from $110.00 to $100.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the specialty chemicals company's stock. Robert W. Baird's price objective would indicate a potential upside of 36.13% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. UBS Group raised their price objective on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research note on Wednesday. Oppenheimer reduced their target price on International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Citigroup reduced their price objective on shares of 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and an average price target of $92.69.

International Flavors & Fragrances Trading Down 0.8 %

IFF stock traded down $0.62 during trading on Thursday, hitting $73.46. The company had a trading volume of 1,850,232 shares, compared to its average volume of 1,519,632. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of 78.15, a PEG ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances has a 12 month low of $65.85 and a 12 month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $76.39 and a 200-day moving average price of $83.55.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS 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 firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $1.13 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. As a group, analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now directly 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 accessible through this link. Also, CEO J Erik Fyrwald bought 700 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $74.00 per share, with a total value of $51,800.00. Following the acquisition, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. This trade represents a 1.89 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently made changes to their positions in IFF. Tidal Investments LLC raised its position in shares of International Flavors & Fragrances by 9.3% in the third quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company's stock valued at $924,000 after buying an additional 750 shares in the last quarter. Principal Financial Group Inc. lifted its stake in International Flavors & Fragrances by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company's stock valued at $49,388,000 after purchasing an additional 9,555 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of International Flavors & Fragrances by 13.3% during the fourth 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 in the last quarter. Czech National Bank boosted its position in International Flavors & Fragrances by 6.4% during the 4th quarter. Czech National Bank now owns 55,437 shares of the specialty chemicals company's stock worth $4,687,000 after buying an additional 3,357 shares during the period. Finally, Wedmont Private Capital grew its holdings 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 acquiring an additional 1,033 shares during the last quarter. Institutional investors 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.