International Flavors & Fragrances (NYSE:IFF) Raised to Overweight at Barclays

International Flavors & Fragrances (NYSE:IFF) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a $84.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $76.00. Barclays‘s target price would indicate a potential upside of 14.35% from the company’s previous close.

Several other equities research analysts also recently issued reports on IFF. UBS Group raised their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday. Oppenheimer cut their price objective on International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Citigroup decreased their target price on International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus reduced their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $92.69.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $73.46 on Thursday. The stock has a market capitalization 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 stock has a 50 day moving average price of $76.39 and a 200 day moving average price of $83.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $1.13 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Analysts predict 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, Director Kevin O’byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction dated 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 acquisition, the director now owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO J Erik Fyrwald purchased 700 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was bought 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 owns 37,770 shares of the company’s stock, valued at $2,794,980. This represents a 1.89 % increase in their ownership of the stock. 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

Several hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $32,000. Fairway Wealth LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $34,000. Rialto Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth $42,000. Mather Group LLC. lifted its position in shares of International Flavors & Fragrances by 179.9% during the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 421 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 171 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

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.