International Flavors & Fragrances (NYSE:IFF) Raised to Hold at KeyCorp

International Flavors & Fragrances (NYSE:IFFGet Free Report) was upgraded by investment analysts at KeyCorp to a “hold” rating in a report released on Thursday, Zacks reports. KeyCorp also issued estimates for International Flavors & Fragrances’ FY2027 earnings at $4.05 EPS and FY2028 earnings at $4.45 EPS.

Other analysts have also recently issued reports about the stock. Zacks Research cut shares of International Flavors & Fragrances from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Argus increased their price objective on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Benchmark raised their target price on shares of International Flavors & Fragrances from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays boosted their target price on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Vertical Research downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a research report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average price target of $91.40.

View Our Latest Stock Analysis on International Flavors & Fragrances

International Flavors & Fragrances Stock Down 0.3%

Shares of IFF stock opened at $84.03 on Thursday. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $89.32. The firm has a market capitalization of $21.44 billion, a PE ratio of 77.09, a P/E/G ratio of 3.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. The stock’s 50-day simple moving average is $82.05 and its 200-day simple moving average is $77.11.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last released its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. Equities analysts expect that International Flavors & Fragrances will post 3.08 earnings per share for the current year.

International Flavors & Fragrances declared that its board has authorized a stock repurchase plan on Tuesday, August 4th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the specialty chemicals company to repurchase up to 12.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, CAO Marc Birenkrant sold 1,000 shares of International Flavors & Fragrances stock in a transaction on Friday, August 7th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the transaction, the chief accounting officer owned 3,446 shares of the company’s stock, valued at approximately $292,910. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider De Mendonca Ana Paula Teles sold 5,718 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $83.19, for a total transaction of $475,680.42. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 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 Investors Weigh In On International Flavors & Fragrances

Institutional investors have recently modified their holdings of the business. Lloyd Advisory Services LLC. purchased a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $27,000. Root Financial Partners LLC grew its holdings in International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Geneos Wealth Management Inc. grew its holdings in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 610 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of International Flavors & Fragrances by 27.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock worth $56,000 after buying an additional 154 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About International Flavors & Fragrances

(Get Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and related solutions used in consumer and industrial products. Its offerings help customers create or enhance the taste, aroma, texture, appearance and performance of products across the food, beverage, personal care, home care, health and pharmaceutical markets.

IFF’s business includes natural and synthetic flavor compounds, fragrance ingredients and compositions, cosmetic and personal-care ingredients, specialty food ingredients, enzymes, cultures, probiotics and other bioscience-based solutions.

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