International Flavors & Fragrances (NYSE:IFF) Stock Gets Price Target Bump from UBS Group

International Flavors & Fragrances (NYSE:IFF – Get Free Report) had its price objective hoisted by investment analysts at UBS Group from $91.00 to $95.00 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 price target would suggest a potential upside of 9.78% from the company’s previous close.

Several other research firms have also recently issued reports on IFF. KeyCorp initiated coverage on International Flavors & Fragrances in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. JPMorgan Chase & Co. lifted their price target on International Flavors & Fragrances from $92.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research raised International Flavors & Fragrances from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Barclays increased their price objective on International Flavors & Fragrances from $96.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Finally, Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, October 25th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $94.99.

View Our Latest Stock Report on IFF

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $1.13 during midday trading on Thursday, hitting $86.54. The stock had a trading volume of 3,518,160 shares, compared to its average volume of 1,874,557. International Flavors & Fragrances has a 1 year low of $61.72 and a 1 year high of $95.27. The company has a current ratio of 2.06, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $87.19 and a two-hundred day moving average price of $78.85. The company has a market capitalization of $22.08 billion, a PE ratio of 121.88, a P/E/G ratio of 3.96 and a beta of 0.86.

International Flavors & Fragrances (NYSE:IFF – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. International Flavors & Fragrances had a net margin of 1.97% and a return on equity of 6.72%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances will post 3.24 earnings per share for the current fiscal year.

International Flavors & Fragrances declared that its board has authorized a stock repurchase plan on Tuesday, August 4th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the specialty chemicals company to purchase up to 12.1% of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider De Mendonca Ana Paula Teles sold 5,718 shares of International Flavors & Fragrances stock in a transaction on Monday, August 17th. The stock was sold at an average price of $83.19, for a total transaction of $475,680.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Marc Birenkrant sold 1,000 shares of International Flavors & Fragrances stock in a transaction on Friday, August 7th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer directly owned 3,446 shares of the company’s stock, valued at $292,910. This trade represents a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several large investors have recently modified their holdings of the business. Korea Investment CORP acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $3,170,000. QRG Capital Management Inc. grew its holdings in International Flavors & Fragrances by 815.7% during the 2nd quarter. QRG Capital Management Inc. now owns 35,485 shares of the specialty chemicals company’s stock valued at $2,811,000 after buying an additional 31,610 shares during the last quarter. Empowered Funds LLC acquired a new stake in International Flavors & Fragrances during the 2nd quarter valued at $3,203,000. Murphy Pohlad Asset Management LLC purchased a new position in International Flavors & Fragrances during the second quarter worth $1,481,000. Finally, Nykredit A S purchased a new position in International Flavors & Fragrances during the second quarter worth $223,065,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting International Flavors & Fragrances

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About International Flavors & Fragrances

(Get Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.

Further Reading

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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