Barclays Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its target price dropped by stock analysts at Barclays from $82.00 to $76.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the specialty chemicals company's stock. Barclays's target price points to a potential upside of 3.64% from the company's previous close.

A number of other analysts have also recently issued reports on IFF. Bank of America lowered their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Oppenheimer lowered their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley reduced their price objective on International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and an average target price of $95.69.

International Flavors & Fragrances Price Performance

Shares of IFF traded up $2.27 during trading hours on Monday, hitting $73.33. 3,005,265 shares of the company were exchanged, compared to its average volume of 1,527,877. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a market capitalization of $18.75 billion, a PE ratio of 78.01, a PEG ratio of 1.45 and a beta of 1.21. The firm has a fifty day simple moving average of $78.18 and a 200-day simple moving average of $86.47. International Flavors & Fragrances has a one year low of $65.85 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, sell-side analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Insider Activity

In other news, Director Kevin O'byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in shares of International Flavors & Fragrances by 8.9% in the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock valued at $123,000 after buying an additional 119 shares in the last quarter. Truist Financial Corp boosted its stake in International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock valued at $1,683,000 after purchasing an additional 129 shares during the last quarter. Wahed Invest LLC increased its holdings in International Flavors & Fragrances by 2.1% during the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock worth $536,000 after purchasing an additional 130 shares in the last quarter. United Community Bank raised its stake in shares of International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Finally, Commerce Bank lifted its holdings in shares of International Flavors & Fragrances by 3.8% in the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

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.