Citigroup Boosts International Flavors & Fragrances (NYSE:IFF) Price Target to $90.00

International Flavors & Fragrances (NYSE:IFF) had its price target boosted by research analysts at Citigroup from $84.00 to $90.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target would indicate a potential upside of 22.52% from the stock’s previous close.

A number of other brokerages also recently issued reports on IFF. Morgan Stanley cut 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. Mizuho reduced their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research note on Thursday, February 20th. Barclays upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $76.00 to $84.00 in a research note on Thursday. Finally, Robert W. Baird dropped their price objective on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.69.

International Flavors & Fragrances Trading Down 0.8 %

Shares of IFF opened at $73.46 on Thursday. The stock has a market cap of $18.79 billion, a PE ratio of 78.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances has a 52-week low of $65.85 and a 52-week high of $106.77. The firm’s fifty day moving average is $76.39 and its two-hundred day moving average is $83.69. 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 (NYSE:IFF) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Insider Transactions at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald acquired 700 shares of International Flavors & Fragrances stock in a transaction on Thursday, May 8th. The stock was purchased at an average cost of $74.00 per share, with a total value of $51,800.00. Following the purchase, the chief executive officer now directly owns 37,770 shares in the company, valued at approximately $2,794,980. The trade was a 1.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin O’byrne acquired 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently bought and sold shares of IFF. UMB Bank n.a. lifted its position in 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 purchasing an additional 119 shares during the period. Truist Financial Corp lifted its holdings in shares of International Flavors & Fragrances by 0.7% in the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after buying an additional 129 shares during the period. Wahed Invest LLC grew its holdings in International Flavors & Fragrances by 2.1% during the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock worth $536,000 after acquiring an additional 130 shares during the period. United Community Bank raised its position in 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 acquiring an additional 150 shares in the last quarter. Finally, Commerce Bank lifted its holdings in 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 acquiring an additional 152 shares during the period. Hedge funds and other 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.