International Flavors & Fragrances (NYSE:IFF) Given New $88.00 Price Target at Barclays

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price target lowered by stock analysts at Barclays from $90.00 to $88.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the specialty chemicals company's stock. Barclays's price objective suggests a potential upside of 3.69% from the stock's current price.

Several other analysts have also recently commented on IFF. UBS Group boosted their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Bank of America upgraded shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 target price for the company in a research report on Friday, November 8th. 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 report on Wednesday, December 18th. Stifel Nicolaus increased their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Morgan Stanley upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.23.

International Flavors & Fragrances Stock Performance

Shares of IFF traded up $0.43 during trading hours on Friday, hitting $84.87. The stock had a trading volume of 1,116,952 shares, compared to its average volume of 1,175,701. The firm has a 50-day moving average price of $86.80 and a 200 day moving average price of $95.52. International Flavors & Fragrances has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of -9.34, a PEG ratio of 1.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. As a group, research analysts anticipate that International Flavors & Fragrances will post 4.16 EPS for the current year.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock worth $464,926,000 after purchasing an additional 1,121,414 shares during the period. Albar Capital Ltd increased its holdings in International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company's stock worth $109,133,000 after purchasing an additional 485,433 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of International Flavors & Fragrances by 70.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company's stock valued at $74,299,000 after buying an additional 293,760 shares during the period. Smith Group Asset Management LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter worth about $22,399,000. Finally, Point72 Europe London LLP increased its stake in shares of International Flavors & Fragrances by 50.0% during the second quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company's stock worth $59,736,000 after buying an additional 209,098 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.