Bank of America Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $80.00

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by Bank of America from $84.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Bank of America‘s price target would suggest a potential upside of 29.25% from the company’s current price.

A number of other equities analysts also recently commented on IFF. Mizuho reduced their price objective on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Morgan Stanley reduced their price objective on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. UBS Group reduced their price objective on shares of International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Finally, Berenberg Bank reduced their price objective on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a report on Monday, September 29th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.07.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $61.90 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $106.36. The firm has a fifty day moving average price of $64.03 and a two-hundred day moving average price of $71.29. The company has a market cap of $15.86 billion, a PE ratio of -39.93, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07.

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

Insider Activity

In related news, CEO J Erik Fyrwald acquired 15,300 shares of the stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $64.95 per share, for a total transaction of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares of the company’s stock, valued at $5,025,181.50. The trade was a 24.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 15,450 shares of the stock in a transaction on Thursday, August 7th. The stock was bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the transaction, the director directly owned 15,450 shares in the company, valued at approximately $1,001,160. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA bought a new position in International Flavors & Fragrances in the first quarter valued at approximately $32,000. American National Bank & Trust lifted its position in shares of International Flavors & Fragrances by 11,975.0% in the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 479 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of International Flavors & Fragrances in the first quarter worth $42,000. Elkhorn Partners Limited Partnership lifted its position in shares of International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% in the first 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 in the last quarter. Institutional investors own 96.02% of the company’s stock.

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.