International Flavors & Fragrances (NYSE:IFF) Stock Price Expected to Rise, UBS Group Analyst Says

International Flavors & Fragrances (NYSE:IFF) had its target price lifted by UBS Group from $66.00 to $68.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price would suggest a potential upside of 9.90% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Berenberg Bank lowered their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research note on Monday, September 29th. Wells Fargo & Company lowered their price target on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Bank of America reduced their target price on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Barclays dropped their price target on shares of International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. Finally, Citigroup reduced their price target on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.02.

International Flavors & Fragrances Stock Down 1.6%

Shares of IFF stock opened at $61.87 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances has a twelve month low of $59.14 and a twelve month high of $93.08. The stock has a 50 day moving average of $63.31 and a 200 day moving average of $70.19. The stock has a market cap of $15.86 billion, a P/E ratio of -39.92, a P/E/G ratio of 2.54 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that International Flavors & Fragrances will post 4.32 EPS for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IFF. Banque Transatlantique SA purchased a new stake in International Flavors & Fragrances in the first quarter valued at $32,000. True Wealth Design LLC increased its position in shares of International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares in the last quarter. American National Bank & Trust lifted its holdings in shares of International Flavors & Fragrances by 11,975.0% in the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $42,000. Finally, Elkhorn Partners Limited Partnership increased its position in International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 400 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.