Weiss Ratings Reaffirms Sell (D+) Rating for International Flavors & Fragrances (NYSE:IFF)

Key Points

• Weiss Ratings has maintained a Sell (D+) rating for International Flavors & Fragrances (NYSE:IFF), a move that suggests caution for potential investors.
• While Weiss Ratings is bearish, other analysts have mixed sentiments, with some rating the stock as Buy and setting varying target prices between $66.00 and $105.00.
• Recent insider trading includes CEO J. Erik Fyrwald purchasing 15,300 shares at $64.95 each, indicating confidence in the company's long-term prospects.

International Flavors & Fragrances (NYSE:IFF - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also issued research reports about the company. Tigress Financial restated a "buy" rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. 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. UBS Group dropped their target price on International Flavors & Fragrances from $71.00 to $66.00 and set a "neutral" rating on the stock in a report on Monday. Citigroup dropped their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a "buy" rating on the stock in a report on Monday. Finally, BNP Paribas Exane dropped 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, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and an average price target of $87.57.

International Flavors & Fragrances Stock Up 0.4%

Shares of NYSE:IFF opened at $61.28 on Wednesday. The business's 50 day simple moving average is $64.91 and its two-hundred day simple moving average is $71.87. The firm has a market cap of $15.71 billion, a P/E ratio of -39.54, a PEG ratio of 2.65 and a beta of 1.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. International Flavors & Fragrances has a 52-week low of $59.89 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO J Erik Fyrwald bought 15,300 shares of the firm's stock in a transaction on 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 represents a 24.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg purchased 15,450 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of International Flavors & Fragrances by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company's stock valued at $122,447,000 after buying an additional 32,005 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of International Flavors & Fragrances by 11.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company's stock valued at $6,525,000 after buying an additional 8,490 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the first quarter valued at $1,271,000. Dodge & Cox grew its position in shares of 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 valued at $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Finally, Chicago Capital LLC purchased a new position in shares of International Flavors & Fragrances in the first quarter valued at $688,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

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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