International Flavors & Fragrances (NYSE:IFF) Stock Price Target Raised at UBS Group

International Flavors & Fragrances (NYSE:IFF – Get Free Report) had its price target raised by analysts at UBS Group from $91.00 to $95.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group‘s price objective points to a potential upside of 9.78% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on IFF. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. JPMorgan Chase & Co. increased their price target on shares of International Flavors & Fragrances from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday. Vertical Research cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price objective on the stock. in a report on Thursday, August 6th. Barclays boosted their price objective on shares of International Flavors & Fragrances from $96.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Finally, Benchmark upped their target price on shares of International Flavors & Fragrances from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.99.

Read Our Latest Research Report on IFF

International Flavors & Fragrances Stock Down 1.3%

NYSE:IFF traded down $1.13 during trading hours on Thursday, hitting $86.54. The company’s stock had a trading volume of 3,518,160 shares, compared to its average volume of 1,874,557. The stock has a market capitalization of $22.08 billion, a P/E ratio of 121.88, a price-to-earnings-growth ratio of 3.96 and a beta of 0.86. The stock has a fifty day moving average of $87.19 and a 200-day moving average of $78.85. The company has a current ratio of 2.06, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. International Flavors & Fragrances has a 52-week low of $61.72 and a 52-week high of $95.27.

International Flavors & Fragrances (NYSE:IFF – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. International Flavors & Fragrances had a return on equity of 6.72% and a net margin of 1.97%. International Flavors & Fragrances’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 EPS. On average, equities analysts forecast that International Flavors & Fragrances will post 3.24 earnings per share for the current year.

International Flavors & Fragrances announced that its board has authorized a stock buyback plan on Tuesday, August 4th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the specialty chemicals company to repurchase up to 12.1% of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $83.19, for a total value of $475,680.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Marc Birenkrant sold 1,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the chief accounting officer directly owned 3,446 shares of the company’s stock, valued at $292,910. The trade was a 22.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors have recently modified their holdings of the business. Studio Investment Management LLC grew its position in International Flavors & Fragrances by 3.7% during the 2nd quarter. Studio Investment Management LLC now owns 3,916 shares of the specialty chemicals company’s stock worth $312,000 after purchasing an additional 138 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of International Flavors & Fragrances by 27.9% in the second quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 154 shares during the last quarter. Waverly Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 4.2% during the second quarter. Waverly Advisors LLC now owns 3,850 shares of the specialty chemicals company’s stock worth $305,000 after buying an additional 156 shares during the period. HB Wealth Management LLC boosted its stake in shares of International Flavors & Fragrances by 2.8% during the second quarter. HB Wealth Management LLC now owns 6,272 shares of the specialty chemicals company’s stock worth $497,000 after buying an additional 171 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of International Flavors & Fragrances by 2.5% during the third quarter. Chicago Partners Investment Group LLC now owns 8,473 shares of the specialty chemicals company’s stock worth $798,000 after buying an additional 207 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting International Flavors & Fragrances

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International Flavors & Fragrances Company Profile

(Get Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.

Further Reading

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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