UBS Group Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $66.00

International Flavors & Fragrances (NYSE:IFF) had its price objective decreased by analysts at UBS Group from $71.00 to $66.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price objective indicates a potential upside of 8.10% from the company’s current price.

A number of other brokerages have also recently issued reports on IFF. Tigress Financial reiterated a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Morgan Stanley cut their target price on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, September 22nd. Wells Fargo & Company cut their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. BNP Paribas cut their target price on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Finally, Citigroup dropped their price objective on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $87.57.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $61.05 on Monday. International Flavors & Fragrances has a 12-month low of $59.89 and a 12-month high of $106.77. The business’s fifty day moving average is $65.11 and its 200 day moving average is $71.94. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The stock has a market cap of $15.65 billion, a P/E ratio of -39.39, a P/E/G ratio of 2.67 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same period last year, the business earned $1.16 EPS. International Flavors & Fragrances’s quarterly revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 15,450 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $64.80 per share, for a total transaction of $1,001,160.00. Following the purchase, the director directly owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in International Flavors & Fragrances by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after acquiring an additional 32,005 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in International Flavors & Fragrances by 11.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company’s stock worth $6,525,000 after acquiring an additional 8,490 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in International Flavors & Fragrances in the 1st quarter worth about $1,271,000. Dodge & Cox increased its holdings in International Flavors & Fragrances by 7.4% in the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock worth $2,621,247,000 after acquiring an additional 2,336,844 shares during the last quarter. Finally, Chicago Capital LLC purchased a new stake in International Flavors & Fragrances in the 1st quarter worth about $688,000. 96.02% of the stock is currently owned by institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.