Barclays Increases International Flavors & Fragrances (NYSE:IFF) Price Target to $75.00

International Flavors & Fragrances (NYSE:IFF) had its target price boosted by investment analysts at Barclays from $72.00 to $75.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s price target points to a potential upside of 19.95% from the stock’s previous close.

Several other research firms have also issued reports on IFF. Wells Fargo & Company cut their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Bank of America reduced their target price on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Tigress Financial restated a “buy” rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Mizuho dropped their price objective on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Finally, Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.02.

International Flavors & Fragrances Stock Down 0.5%

IFF stock traded down $0.33 during trading on Friday, reaching $62.53. 279,913 shares of the company traded hands, compared to its average volume of 1,916,700. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of -40.36, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The business has a 50 day simple moving average of $63.42 and a 200 day simple moving average of $70.27. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $93.08.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that International Flavors & Fragrances will post 4.32 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 modified their holdings of the business. Banque Transatlantique SA acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at about $32,000. American National Bank & Trust increased its position in International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 479 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in International Flavors & Fragrances in the 1st quarter valued at about $42,000. True Wealth Design LLC raised its position in International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.