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

International Flavors & Fragrances (NYSE:IFF) had its target price reduced by equities researchers at Barclays from $90.00 to $88.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s target price points to a potential upside of 3.69% from the company’s current price.

A number of other brokerages have also recently commented on IFF. Vertical Research raised shares of 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. Citigroup decreased their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Friday, November 8th. UBS Group raised their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus raised their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.23.

International Flavors & Fragrances Trading Up 0.5 %

NYSE:IFF opened at $84.87 on Friday. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $86.80 and a 200-day simple moving average of $95.53. The company has a market capitalization of $21.70 billion, a PE ratio of -9.34, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion during 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%. International Flavors & Fragrances’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. On average, equities research analysts expect that International Flavors & Fragrances will post 4.16 earnings per share for the current fiscal year.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the transaction, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Albion Financial Group UT raised its holdings in International Flavors & Fragrances by 1.3% in the fourth quarter. Albion Financial Group UT now owns 29,400 shares of the specialty chemicals company’s stock valued at $2,486,000 after buying an additional 389 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of International Flavors & Fragrances by 0.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,366,218 shares of the specialty chemicals company’s stock worth $115,514,000 after purchasing an additional 3,442 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $78,000. UMB Bank n.a. lifted its position in shares of International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares in the last quarter. Finally, HF Advisory Group LLC lifted its position in shares of International Flavors & Fragrances by 8.3% during the fourth quarter. HF Advisory Group LLC now owns 7,282 shares of the specialty chemicals company’s stock worth $616,000 after purchasing an additional 561 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.