International Flavors & Fragrances (NYSE:IFF – Free Report) had its target price boosted by Citigroup from $100.00 to $105.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.
Several other research firms have also issued reports on IFF. Weiss Ratings upgraded shares of International Flavors & Fragrances from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Barclays boosted their price target on shares of International Flavors & Fragrances from $96.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Zacks Research raised shares of International Flavors & Fragrances from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Oppenheimer increased their price objective on shares of International Flavors & Fragrances from $95.00 to $108.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $94.99.
View Our Latest Analysis on International Flavors & Fragrances
International Flavors & Fragrances Trading Down 1.3%
Shares of IFF stock opened at $86.54 on Thursday. International Flavors & Fragrances has a 1-year low of $61.72 and a 1-year high of $95.27. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.36. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 121.88, a PEG ratio of 3.76 and a beta of 0.86. The stock has a 50-day moving average of $87.17 and a 200-day moving average of $78.92.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The specialty chemicals company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. International Flavors & Fragrances had a return on equity of 6.82% and a net margin of 1.97%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. On average, equities research analysts forecast that International Flavors & Fragrances will post 3.24 earnings per share for the current year.
International Flavors & Fragrances Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Saturday, December 19th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.60 annualized dividend and a yield of 1.8%. International Flavors & Fragrances’s payout ratio is 225.35%.
International Flavors & Fragrances declared that its board has initiated a share repurchase program on Tuesday, August 4th that allows the company to buy back $2.50 billion in shares. This buyback authorization allows the specialty chemicals company to repurchase up to 12.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.
Insider Activity at International Flavors & Fragrances
In other news, insider De Mendonca Ana Paula Teles sold 5,718 shares of International Flavors & Fragrances stock in a transaction on Monday, August 17th. The shares were sold at an average price of $83.19, for a total value of $475,680.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.07% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On International Flavors & Fragrances
Several hedge funds and other institutional investors have recently bought and sold shares of IFF. First Command Advisory Services Inc. boosted its position in shares of International Flavors & Fragrances by 155.5% during the 3rd quarter. First Command Advisory Services Inc. now owns 396 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 241 shares in the last quarter. Root Financial Partners LLC increased its position in International Flavors & Fragrances by 97.9% in the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Heritage Family Offices LLP bought a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $54,000. Parkside Financial Bank & Trust increased its position in International Flavors & Fragrances by 27.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 154 shares in the last quarter. Finally, Westpac Banking Corp acquired a new position in International Flavors & Fragrances during the 2nd quarter worth approximately $91,000. 96.02% of the stock is owned by institutional investors.
International Flavors & Fragrances News Roundup
Here are the key news stories impacting International Flavors & Fragrances this week:
- Positive Sentiment: Three firms raised their price targets: Citigroup lifted its target to $105 and maintained a buy rating; JPMorgan raised its target to $95 and kept an overweight rating; UBS also raised its target to $95, while retaining a neutral rating. Citigroup price target update JPMorgan price target update UBS price target update
- Positive Sentiment: IFF beat Q3 adjusted earnings and revenue estimates, with growth in Taste and Scent. The company also raised its 2026 guidance, providing evidence of business momentum. Q3 earnings and segment strength
- Neutral Sentiment: The analyst target increases point to potential upside from the cited share price, but ratings range from neutral to buy, indicating differing views on the shares.
- Negative Sentiment: Despite the Q3 beat, reports highlighted a cautious Q4 profit outlook and rising costs as risks to near-term earnings. Those concerns may temper the positive impact of the results and annual guidance update. Outlook and cost concerns
International Flavors & Fragrances Company Profile
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.
Further Reading
- Five stocks we like better than International Flavors & Fragrances
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
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.
