International Flavors & Fragrances (NYSE:IFF) Stock Price Expected to Rise, Berenberg Bank Analyst Says

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by equities researchers at Berenberg Bank from $83.00 to $84.80 in a research note issued on Thursday,MarketScreener reports. The firm currently has a “hold” rating on the specialty chemicals company’s stock. Berenberg Bank’s price objective suggests a potential upside of 6.24% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Argus raised their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Mizuho increased their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. UBS Group decreased their price target on shares of International Flavors & Fragrances from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Wells Fargo & Company boosted their price target on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group increased their price objective on shares of International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average target price of $89.18.

International Flavors & Fragrances Price Performance

NYSE:IFF traded down $3.11 during trading hours on Thursday, hitting $79.82. 118,054 shares of the stock were exchanged, compared to its average volume of 1,734,937. The firm’s fifty day moving average price is $72.79 and its 200 day moving average price is $70.28. International Flavors & Fragrances has a 52-week low of $59.14 and a 52-week high of $84.45. The company has a market cap of $20.39 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.91 and a beta of 0.93. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a return on equity of 7.63% and a net margin of 7.78%.The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that International Flavors & Fragrances will post 4.42 EPS for the current fiscal year.

Insider Activity at International Flavors & Fragrances

In other news, Director Paul J. Fribourg acquired 142,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the acquisition, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IFF. Swiss National Bank grew its holdings in shares of International Flavors & Fragrances by 7.0% in the first quarter. Swiss National Bank now owns 751,599 shares of the specialty chemicals company’s stock valued at $54,529,000 after purchasing an additional 49,200 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of International Flavors & Fragrances by 3.3% in the first quarter. California Public Employees Retirement System now owns 392,499 shares of the specialty chemicals company’s stock worth $28,476,000 after acquiring an additional 12,614 shares in the last quarter. Assetmark Inc. increased its position in shares of International Flavors & Fragrances by 42.1% during the first quarter. Assetmark Inc. now owns 29,263 shares of the specialty chemicals company’s stock worth $2,123,000 after acquiring an additional 8,674 shares during the period. Bessemer Group Inc. grew its stake in International Flavors & Fragrances by 8.2% during the 1st quarter. Bessemer Group Inc. now owns 6,990 shares of the specialty chemicals company’s stock worth $508,000 after purchasing an additional 529 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in International Flavors & Fragrances by 22.8% during the 1st quarter. Wealthfront Advisers LLC now owns 17,732 shares of the specialty chemicals company’s stock worth $1,286,000 after purchasing an additional 3,298 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.