International Flavors & Fragrances (NYSE:IFF) Given New $85.00 Price Target at Argus

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by stock analysts at Argus from $80.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Argus’ price target suggests a potential upside of 11.19% from the company’s current price.

Several other equities research analysts have also recently issued reports on IFF. Deutsche Bank Aktiengesellschaft cut their price target on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Citigroup lowered their price objective on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. UBS Group increased their target price on International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Finally, Berenberg Bank boosted their price target on International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a research note on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.87.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $76.45 on Tuesday. International Flavors & Fragrances has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49. The firm’s 50-day simple moving average is $75.05 and its 200 day simple moving average is $73.02. The firm has a market cap of $19.52 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.77 and a beta of 0.94.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that International Flavors & Fragrances will post 4.56 earnings per share for the current year.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 260,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the transaction, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.07% of the stock is currently owned by corporate insiders.

Institutional Trading of International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently modified their holdings of IFF. Lloyd Advisory Services LLC. bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $27,000. Root Financial Partners LLC boosted its holdings in shares of International Flavors & Fragrances by 97.9% during the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 274 shares in the last quarter. Geneos Wealth Management Inc. grew its position in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after purchasing an additional 610 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 239 shares in the last quarter. 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.