International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $86.00

International Flavors & Fragrances (NYSE:IFFGet Free Report) had its target price lifted by equities researchers at UBS Group from $75.00 to $86.00 in a research note issued on Thursday,MarketScreener reports. UBS Group’s target price points to a potential upside of 8.38% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Rothschild & Co Redburn lifted their price target on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Mizuho lifted their price target on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Jefferies Financial Group lifted their price target on shares of International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday. Finally, Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.99.

View Our Latest Research Report on International Flavors & Fragrances

International Flavors & Fragrances Stock Performance

NYSE IFF traded up $1.09 during midday trading on Thursday, hitting $79.35. The company had a trading volume of 300,828 shares, compared to its average volume of 1,752,881. The company has a quick ratio of 0.85, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The stock has a market cap of $20.26 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.24 and a beta of 0.93. The firm has a fifty day simple moving average of $72.71 and a two-hundred day simple moving average of $70.38. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $84.45.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.17. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. Equities analysts forecast that International Flavors & Fragrances will post 4.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg acquired 142,000 shares of the stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the transaction, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. The trade was a 6.23% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional 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% in 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 holdings in shares of International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after acquiring an additional 539 shares during the last quarter. Empowered Funds LLC raised its holdings in International Flavors & Fragrances by 71.5% in the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after buying an additional 4,358 shares during the last quarter. Focus Partners Wealth raised its holdings in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after buying an additional 1,530 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 210 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Key Headlines Impacting International Flavors & Fragrances

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About International Flavors & Fragrances

(Get Free Report)

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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