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

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by investment analysts at Barclays from $90.00 to $88.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price target suggests a potential upside of 3.20% from the company’s current price.

Several other brokerages also recently commented on IFF. UBS Group lifted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Citigroup dropped their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Stifel Nicolaus increased their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.23.

International Flavors & Fragrances Stock Up 1.0 %

Shares of IFF traded up $0.83 during midday trading on Friday, reaching $85.27. 303,615 shares of the stock were exchanged, compared to its average volume of 1,381,522. The company has a market cap of $21.80 billion, a price-to-earnings ratio of -9.39, a P/E/G ratio of 1.35 and a beta of 1.18. The firm has a 50 day simple moving average of $86.95 and a 200-day simple moving average of $95.58. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month 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.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm earned $0.89 earnings per share. International Flavors & Fragrances’s revenue was up 3.7% compared to the same quarter last year. Research analysts forecast that International Flavors & Fragrances will post 4.16 EPS for the current year.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Pictet North America Advisors SA raised its position in International Flavors & Fragrances by 3.1% in the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock valued at $344,000 after purchasing an additional 99 shares during the last quarter. Integrated Advisors Network LLC raised its holdings in shares of International Flavors & Fragrances by 1.9% in the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after buying an additional 107 shares during the last quarter. CWM LLC lifted its position in International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after buying an additional 109 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in International Flavors & Fragrances by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 117 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 119 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

About International Flavors & Fragrances

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.