Barclays Forecasts Strong Price Appreciation for International Flavors & Fragrances (NYSE:IFF) Stock

International Flavors & Fragrances (NYSE:IFF) had its price objective upped by equities researchers at Barclays from $75.00 to $78.00 in a research note issued on Friday,MarketScreener reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s target price would indicate a potential upside of 8.74% from the stock’s previous close.

A number of other research firms have also recently commented on IFF. Argus dropped their price target on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Berenberg Bank dropped their target price on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research note on Monday, September 29th. UBS Group boosted their price target on International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Bank of America upped their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $85.66.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $71.73 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The company’s fifty day moving average price is $66.99 and its 200-day moving average price is $66.99. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of -44.28, a PEG ratio of 2.66 and a beta of 1.04. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $88.09.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the company earned $1.04 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in International Flavors & Fragrances by 32.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock valued at $8,367,000 after purchasing an additional 27,166 shares during the period. Compagnie Lombard Odier SCmA increased its stake in International Flavors & Fragrances by 23.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock valued at $9,682,000 after purchasing an additional 24,607 shares during the last quarter. Clarkston Capital Partners LLC purchased a new position in shares of International Flavors & Fragrances during the second quarter worth approximately $11,939,000. Exchange Traded Concepts LLC increased its stake in International Flavors & Fragrances by 1,831.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 16,338 shares of the specialty chemicals company’s stock valued at $1,202,000 after buying an additional 15,492 shares during the period. Finally, Creative Planning grew its stake in shares of International Flavors & Fragrances by 347.5% during the 2nd quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock worth $6,277,000 after purchasing an additional 66,273 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About International Flavors & Fragrances

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.