International Flavors & Fragrances (NYSE:IFF – Get Free Report) had its target price lifted by research analysts at JPMorgan Chase & Co. from $90.00 to $92.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.89% from the company’s current price.
A number of other equities research analysts have also issued reports on IFF. UBS Group dropped their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Mizuho upped their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Rothschild & Co Redburn upped their target price on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Argus upped their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Bank of America upped their price objective on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.34.
Get Our Latest Analysis on International Flavors & Fragrances
International Flavors & Fragrances Price Performance
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last released its 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 net margin of 7.78% and a return on equity of 7.63%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, analysts predict that International Flavors & Fragrances will post 4.42 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Paul J. Fribourg bought 142,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the completion of the transaction, the director directly owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This represents a 6.23% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.07% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after purchasing an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of International Flavors & Fragrances by 15.7% during the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after purchasing an additional 539 shares in the last quarter. Empowered Funds LLC lifted its position in shares of International Flavors & Fragrances by 71.5% during the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after purchasing an additional 4,358 shares in the last quarter. Focus Partners Wealth lifted its position in shares of International Flavors & Fragrances by 25.5% during the first quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
Key Stories Impacting International Flavors & Fragrances
Here are the key news stories impacting International Flavors & Fragrances this week:
- Positive Sentiment: Analyst support lifted — Oppenheimer raised its price target to $90 and gave an “outperform” rating, signaling upside vs. current levels. Benzinga: Oppenheimer raises IFF target
- Positive Sentiment: Big lift from Jefferies — price target raised to $105 (largest upside among recent actions), which reinforces bullish analyst conviction on IFF’s margin and cash?flow improvements. MarketScreener: Jefferies raises IFF target to $105
- Positive Sentiment: Berenberg nudged its target higher to $84.80 (hold), showing broader analyst upgrades across the board. MarketScreener: Berenberg lifts target
- Neutral Sentiment: Q1 results beat consensus — EPS and revenue topped estimates, and management highlighted volume growth and productivity gains that improved margins. (Details from the earnings release / coverage.) Reuters: IFF beats quarterly sales and profit estimates
- Neutral Sentiment: Corporate governance: shareholders re?approved the board, pay and auditor — reduces proxy / governance risk. Globe and Mail: Shareholders back board
- Neutral Sentiment: Product / R&D news: IFF’s LMR Naturals will showcase new natural ingredient innovations at SIMPPAR — positive for long?term organic growth in perfumery/flavors. BusinessWire: LMR Naturals to showcase at SIMPPAR
- Negative Sentiment: Topline weakness and cautious tone weighed on sentiment — revenue was down ~3.6% YoY and management’s commentary / call was viewed as cautious with guidance effectively in?line rather than upgraded, which can spark profit?taking. TipRanks: Earnings call highlights margin gains, cautious outlook
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.
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