Barclays Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $88.00

International Flavors & Fragrances (NYSE:IFF) had its price target lowered by research analysts at Barclays from $90.00 to $88.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price target points to a potential upside of 3.20% from the company’s previous close.

IFF has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a report on Friday, November 8th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Thursday, November 7th. UBS Group boosted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus raised their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.23.

International Flavors & Fragrances Trading Up 1.0 %

Shares of IFF stock traded up $0.83 on Friday, reaching $85.27. 303,615 shares of the stock were exchanged, compared to its average volume of 1,381,522. The stock has a 50 day moving average price of $86.95 and a 200 day moving average price of $95.58. The stock has a market cap of $21.80 billion, a PE ratio of -9.39, a P/E/G ratio of 1.35 and a beta of 1.18. International Flavors & Fragrances has a one year low of $72.94 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. Equities research analysts forecast that International Flavors & Fragrances will post 4.16 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its holdings in shares of International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after buying an additional 1,121,414 shares during the last quarter. Albar Capital Ltd raised its position in International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after acquiring an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in International Flavors & Fragrances by 70.9% in the third 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 acquiring an additional 293,760 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $22,399,000. Finally, Point72 Europe London LLP raised its holdings in shares of International Flavors & Fragrances by 50.0% in the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock valued at $59,736,000 after purchasing an additional 209,098 shares during the period. 96.02% of the stock is currently owned by institutional investors.

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.