International Flavors & Fragrances (NYSE:IFF) Given New $103.00 Price Target at Barclays

International Flavors & Fragrances (NYSE:IFF) had its price target lowered by Barclays from $105.00 to $103.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the specialty chemicals company’s stock.

A number of other research firms have also recently weighed in on IFF. Oppenheimer raised their price target on shares of International Flavors & Fragrances from $95.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. KeyCorp initiated coverage on shares of International Flavors & Fragrances in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. Argus upped their price objective on shares of International Flavors & Fragrances from $85.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Finally, Vertical Research lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.05.

International Flavors & Fragrances Stock Down 4.2%

NYSE:IFF traded down $3.58 during mid-day trading on Friday, reaching $82.78. The company’s stock had a trading volume of 2,893,580 shares, compared to its average volume of 2,192,094. The stock has a fifty day moving average of $87.09 and a 200-day moving average of $78.98. International Flavors & Fragrances has a 1 year low of $61.72 and a 1 year high of $95.27. The firm has a market capitalization of $21.12 billion, a PE ratio of 116.58, a price-to-earnings-growth ratio of 4.06 and a beta of 0.86. The company has a quick ratio of 1.72, a current ratio of 2.06 and a debt-to-equity ratio of 0.34.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. International Flavors & Fragrances’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Equities research analysts forecast that International Flavors & Fragrances will post 3.23 earnings per share for the current year.

International Flavors & Fragrances declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 4th that allows the company to buy back $2.50 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to purchase up to 12.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its stock is undervalued.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Saturday, December 19th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, December 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.9%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 225.35%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $83.19, for a total transaction of $475,680.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System increased its stake in International Flavors & Fragrances by 12.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 14,896 shares of the specialty chemicals company’s stock worth $1,244,000 after buying an additional 1,659 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in shares of International Flavors & Fragrances by 155.5% in the third quarter. First Command Advisory Services Inc. now owns 396 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 241 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 28.2% in the third quarter. Lido Advisors LLC now owns 4,643 shares of the specialty chemicals company’s stock worth $388,000 after acquiring an additional 1,020 shares during the last quarter. New York Life Investment Management LLC increased its position in shares of International Flavors & Fragrances by 1.3% during the third quarter. New York Life Investment Management LLC now owns 41,564 shares of the specialty chemicals company’s stock worth $3,470,000 after purchasing an additional 546 shares in the last quarter. Finally, AlphaCore Capital LLC increased its position in shares of International Flavors & Fragrances by 66.1% during the third quarter. AlphaCore Capital LLC now owns 9,759 shares of the specialty chemicals company’s stock worth $815,000 after purchasing an additional 3,885 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances News Summary

Here are the key news stories impacting International Flavors & Fragrances this week:

• Positive Sentiment: Citigroup raised its price target to $105 from $100 and reiterated “buy,” while JPMorgan lifted its target to $95 from $92 and maintained “overweight.” Citigroup coverage JPMorgan coverage
• Positive Sentiment: Barclays lowered its target slightly, from $105 to $103, but retained its “overweight” rating, signaling continued confidence in potential upside. Barclays recommendations
• Neutral Sentiment: UBS raised its price target from $91 to $95 but kept a “neutral” rating. UBS coverage
• Neutral Sentiment: IFF’s latest reported quarter beat estimates, with earnings of $0.83 per share versus $0.81 expected and revenue of $1.94 billion versus $1.91 billion expected. However, earnings were below the year-ago quarter’s $1.05 per share. Earnings analysis
• Negative Sentiment: Bank of America downgraded IFF from “buy” to “underperform,” despite setting a $91 price target. The rating change is the clearest negative catalyst among the recent analyst updates. Bank of America recommendations

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE: IFF) develops ingredients and solutions used by manufacturers in food and beverages, fragrances, personal care, home care, health and wellness, and other consumer products. Its offerings include flavors, fragrance compounds, enzymes, cultures, probiotics, and specialty food ingredients.

The company works with customers to create and improve products, including by enhancing taste and scent, supporting product performance, and developing ingredients for nutrition and wellness applications.