International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $108.00

International Flavors & Fragrances (NYSE:IFF – Free Report) had its target price boosted by Oppenheimer from $95.00 to $108.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

A number of other brokerages also recently issued reports on IFF. Wall Street Zen downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Citigroup reduced their price objective on International Flavors & Fragrances from $101.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Barclays raised their target price on International Flavors & Fragrances from $96.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Argus lifted their target price on International Flavors & Fragrances from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Finally, Morgan Stanley lifted their target price on International Flavors & Fragrances from $93.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.28.

Check Out Our Latest Analysis on International Flavors & Fragrances

International Flavors & Fragrances Stock Performance

IFF opened at $94.11 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 86.34, a PEG ratio of 3.97 and a beta of 0.91. The company’s 50 day moving average is $85.95 and its 200 day moving average is $79.88. International Flavors & Fragrances has a 12-month low of $61.29 and a 12-month high of $94.59.

International Flavors & Fragrances (NYSE:IFF – Get Free Report) last announced its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.25). International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that International Flavors & Fragrances will post 3.24 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, September 18th. International Flavors & Fragrances’s dividend payout ratio is presently 146.79%.

International Flavors & Fragrances announced that its Board of Directors has initiated a share buyback program on Tuesday, August 4th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the specialty chemicals company to buy up to 12.1% of its shares through open market purchases. Share repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $83.19, for a total transaction of $475,680.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michael Deveau sold 8,825 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total transaction of $754,978.75. Following the completion of the transaction, the executive vice president directly owned 5,199 shares of the company’s stock, valued at $444,774.45. This represents a 62.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,543 shares of company stock worth $1,315,659 in the last three months. Company insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently made changes to their positions in IFF. Korea Investment CORP purchased a new stake in International Flavors & Fragrances during the 2nd quarter valued at approximately $3,170,000. QRG Capital Management Inc. raised its position in shares of International Flavors & Fragrances by 815.7% during the second quarter. QRG Capital Management Inc. now owns 35,485 shares of the specialty chemicals company’s stock valued at $2,811,000 after buying an additional 31,610 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of International Flavors & Fragrances during the second quarter valued at approximately $3,203,000. Murphy Pohlad Asset Management LLC purchased a new position in shares of International Flavors & Fragrances in the second quarter worth $1,481,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of International Flavors & Fragrances in the first quarter worth $950,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Trending Headlines about International Flavors & Fragrances

Here are the key news stories impacting International Flavors & Fragrances this week:

  • Positive Sentiment: Oppenheimer raised its price target to $108 from $95 and maintained an “Outperform” rating, implying additional upside from recent trading levels. Oppenheimer Adjusts Price Target on International Flavors & Fragrances to $108 From $95, Keeps Outperform Rating
  • Positive Sentiment: Zacks Research upgraded IFF from “Hold” to “Strong Buy,” adding a favorable analyst-rating catalyst for the stock. Zacks Research Stock Recommendations
  • Positive Sentiment: Zacks raised its EPS forecasts across multiple periods: Q3 2026 to $0.72 from $0.71, FY2026 to $3.20 from $3.19, Q3 2027 to $1.01 from $1.00, Q4 2027 to $1.11 from $1.10, FY2027 to $4.00 from $3.99, and FY2028 to $4.73 from $4.71. The revisions suggest modestly improving expectations for IFF’s earnings trajectory.
  • Neutral Sentiment: Despite the bullish analyst commentary, IFF’s latest reported quarter missed consensus estimates for both earnings and revenue, so investors may look for evidence that operational improvement supports the more optimistic forecasts.

International Flavors & Fragrances Company Profile

(Get Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.

Recommended Stories

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.