Barclays Forecasts Strong Price Appreciation for International Flavors & Fragrances (NYSE:IFF) Stock

International Flavors & Fragrances (NYSE:IFF) had its target price raised by equities researchers at Barclays from $72.00 to $75.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s target price would suggest a potential upside of 19.95% from the stock’s current price.

Several other analysts have also issued reports on IFF. Weiss Ratings restated a “sell (d)” rating on shares of International Flavors & Fragrances in a research report on Friday, October 31st. Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. UBS Group boosted their price target on shares of International Flavors & Fragrances from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday. BNP Paribas reduced their target price on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Finally, Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.02.

International Flavors & Fragrances Stock Performance

Shares of IFF stock traded down $0.33 on Friday, reaching $62.53. The stock had a trading volume of 279,913 shares, compared to its average volume of 1,916,700. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $93.08. The stock has a market cap of $16.02 billion, a P/E ratio of -40.36, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04. The company has a 50 day simple moving average of $63.42 and a 200 day simple moving average of $70.27.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results 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. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.International Flavors & Fragrances’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. Equities research analysts expect that International Flavors & Fragrances will post 4.32 EPS for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of International Flavors & Fragrances by 2.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,577,723 shares of the specialty chemicals company’s stock worth $122,447,000 after purchasing an additional 32,005 shares during the last quarter. Dodge & Cox raised its position in International Flavors & Fragrances by 7.4% during the 1st quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after purchasing an additional 2,336,844 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of International Flavors & Fragrances by 32.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock worth $8,367,000 after buying an additional 27,166 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its stake in International Flavors & Fragrances by 23.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock worth $9,682,000 after acquiring an additional 24,607 shares during the period. Finally, Inspire Trust Co. N.A. bought a new position in International Flavors & Fragrances during the 1st quarter worth about $2,328,000. 96.02% of the stock is currently 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.