Barclays Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by stock analysts at Barclays from $105.00 to $103.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s price target suggests a potential upside of 24.43% from the stock’s current price.

A number of other analysts have also recently commented on the company. Zacks Research upgraded International Flavors & Fragrances from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Bank of America lowered International Flavors & Fragrances from a “buy” rating to an “underperform” rating and set a $91.00 target price on the stock. in a research report on Friday. UBS Group increased their target price on International Flavors & Fragrances from $91.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday. Argus lifted their price target on shares of International Flavors & Fragrances from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Finally, Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, October 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.05.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $82.78 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.36. International Flavors & Fragrances has a twelve month low of $61.72 and a twelve month high of $95.27. The business has a 50-day moving average price of $87.09 and a 200 day moving average price of $78.98. The firm has a market cap of $20.73 billion, a PE ratio of 116.58, a P/E/G ratio of 3.56 and a beta of 0.86.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. International Flavors & Fragrances had a return on equity of 6.82% and a net margin of 1.97%. International Flavors & Fragrances’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. Sell-side analysts predict that International Flavors & Fragrances will post 3.23 earnings per share for the current fiscal year.

International Flavors & Fragrances declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 4th that permits the company to repurchase $2.50 billion in outstanding shares. This buyback authorization permits the specialty chemicals company to purchase up to 12.1% of its shares through open market purchases. Share buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $83.19, for a total value of $475,680.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. raised its stake in International Flavors & Fragrances by 155.5% in the 3rd quarter. First Command Advisory Services Inc. now owns 396 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 241 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of International Flavors & Fragrances in the third quarter worth about $54,000. Heritage Family Offices LLP purchased a new position in shares of International Flavors & Fragrances in the third quarter worth about $54,000. Parkside Financial Bank & Trust boosted its position in International Flavors & Fragrances by 27.9% during the second quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 154 shares during the last quarter. Finally, Westpac Banking Corp acquired a new position in International Flavors & Fragrances during the second quarter worth about $91,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting International Flavors & Fragrances

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

• Positive Sentiment: Citigroup raised its price target to $105 from $100 and reiterated “buy,” while JPMorgan lifted its target to $95 from $92 and maintained “overweight.” Citigroup coverage JPMorgan coverage
• Positive Sentiment: Barclays lowered its target slightly, from $105 to $103, but retained its “overweight” rating, signaling continued confidence in potential upside. Barclays recommendations
• Neutral Sentiment: UBS raised its price target from $91 to $95 but kept a “neutral” rating. UBS coverage
• Neutral Sentiment: IFF’s latest reported quarter beat estimates, with earnings of $0.83 per share versus $0.81 expected and revenue of $1.94 billion versus $1.91 billion expected. However, earnings were below the year-ago quarter’s $1.05 per share. Earnings analysis
• Negative Sentiment: Bank of America downgraded IFF from “buy” to “underperform,” despite setting a $91 price target. The rating change is the clearest negative catalyst among the recent analyst updates. Bank of America recommendations

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE: IFF) develops ingredients and solutions used by manufacturers in food and beverages, fragrances, personal care, home care, health and wellness, and other consumer products. Its offerings include flavors, fragrance compounds, enzymes, cultures, probiotics, and specialty food ingredients.

The company works with customers to create and improve products, including by enhancing taste and scent, supporting product performance, and developing ingredients for nutrition and wellness applications.