International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $82.00 by Analysts at Barclays

International Flavors & Fragrances (NYSE:IFF) had its target price reduced by analysts at Barclays from $83.00 to $82.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price target would suggest a potential upside of 5.41% from the stock’s previous close.

Several other brokerages also recently issued reports on IFF. Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Bank of America lowered their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research report on Thursday, February 20th. Finally, Citigroup lowered their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.31.

International Flavors & Fragrances Stock Performance

IFF stock opened at $77.79 on Thursday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances has a twelve month low of $75.63 and a twelve month high of $106.77. The business’s fifty day moving average is $82.85 and its 200-day moving average is $90.25. The company has a market cap of $19.89 billion, a P/E ratio of 82.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Equities research analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently added to or reduced their stakes in the company. Freemont Capital Pte Ltd acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at about $2,143,882,000. Norges Bank acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $452,363,000. Dodge & Cox boosted its stake in shares of International Flavors & Fragrances by 11.9% in the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock valued at $2,658,063,000 after buying an additional 3,355,381 shares during the period. Van ECK Associates Corp grew its position in International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after buying an additional 1,663,629 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in International Flavors & Fragrances by 25.7% during the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after acquiring an additional 1,121,414 shares during the period. 96.02% of the stock is currently owned by institutional investors.

About International Flavors & Fragrances

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.