Barclays Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $72.00

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by Barclays from $78.00 to $72.00 in a report published on Friday morning,MarketScreener reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Several other research firms have also recently issued reports on IFF. Morgan Stanley reduced their target price on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, September 22nd. Tigress Financial reissued a “buy” rating and set a $105.00 target price on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. BNP Paribas Exane reduced their target price on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of International Flavors & Fragrances in a research note on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.24.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $59.59 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The business’s 50 day simple moving average is $64.49 and its two-hundred day simple moving average is $71.54. The stock has a market capitalization of $15.27 billion, a P/E ratio of -38.45, a price-to-earnings-growth ratio of 2.58 and a beta of 1.07. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $106.77.

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

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, September 29th. International Flavors & Fragrances’s payout ratio is -103.23%.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg bought 15,450 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the purchase, the director owned 15,450 shares in the company, valued at approximately $1,001,160. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO J Erik Fyrwald bought 15,300 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $64.95 per share, for a total transaction of $993,735.00. Following the completion of the purchase, the chief executive officer owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors have recently modified their holdings of IFF. Park Avenue Securities LLC lifted its holdings in shares of International Flavors & Fragrances by 25.7% during the first quarter. Park Avenue Securities LLC now owns 6,433 shares of the specialty chemicals company’s stock valued at $499,000 after purchasing an additional 1,315 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 48.5% during the first quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company’s stock valued at $119,000 after purchasing an additional 501 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of International Flavors & Fragrances by 77.3% during the first quarter. SG Americas Securities LLC now owns 17,297 shares of the specialty chemicals company’s stock valued at $1,342,000 after purchasing an additional 7,540 shares in the last quarter. CX Institutional bought a new position in shares of International Flavors & Fragrances during the first quarter valued at $138,000. Finally, Simon Quick Advisors LLC bought a new position in International Flavors & Fragrances in the first quarter valued at about $283,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Company Profile

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.