International Flavors & Fragrances (NYSE:IFF) Given New $96.00 Price Target at Barclays

International Flavors & Fragrances (NYSE:IFF) had its target price boosted by Barclays from $90.00 to $96.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the specialty chemicals company’s stock.

A number of other analysts have also recently issued reports on IFF. Berenberg Bank raised their price objective on International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Benchmark raised their price target on International Flavors & Fragrances from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group lifted their price objective on shares of International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th. Finally, BNP Paribas Exane upped their price objective on shares of International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $92.16.

International Flavors & Fragrances Stock Up 1.5%

International Flavors & Fragrances stock opened at $85.80 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.06 and a quick ratio of 0.87. The company’s 50-day moving average is $77.77 and its 200-day moving average is $75.47. The firm has a market capitalization of $21.89 billion, a PE ratio of 78.72, a P/E/G ratio of 2.50 and a beta of 0.93. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $89.32.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.25). The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. Sell-side analysts anticipate that International Flavors & Fragrances will post 3.85 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 146.79%.

International Flavors & Fragrances announced that its board has initiated a stock buyback 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. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other International Flavors & Fragrances news, EVP Michael Deveau sold 8,825 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total transaction of $754,978.75. Following the transaction, the executive vice president owned 5,199 shares in the company, valued at $444,774.45. This trade represents a 62.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg bought 260,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the transaction, the director owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. This trade represents a 10.73% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. DNB Asset Management AS grew its position in International Flavors & Fragrances by 0.3% during the 4th quarter. DNB Asset Management AS now owns 53,741 shares of the specialty chemicals company’s stock worth $3,622,000 after purchasing an additional 139 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of International Flavors & Fragrances by 0.8% during the fourth quarter. MML Investors Services LLC now owns 17,249 shares of the specialty chemicals company’s stock worth $1,162,000 after buying an additional 140 shares during the period. State of Michigan Retirement System grew its holdings in shares of International Flavors & Fragrances by 0.3% during the fourth quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock valued at $4,685,000 after buying an additional 200 shares during the last quarter. Manning & Napier Advisors LLC increased its position in shares of International Flavors & Fragrances by 0.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 42,033 shares of the specialty chemicals company’s stock valued at $2,855,000 after acquiring an additional 203 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. 96.02% of the stock is owned by institutional investors.

Key International Flavors & Fragrances News

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

• Positive Sentiment: Barclays raised its price target from $90 to $96 and upgraded its stance to “overweight,” implying approximately 12% upside from the reference price. The move signals improving confidence in IFF’s earnings outlook and restructuring efforts. Benzinga analyst update
• Positive Sentiment: Benchmark increased its target from $100 to $105 and maintained a “buy” rating, representing roughly 22% potential upside. This is the most bullish valuation among the recent analyst actions. Benzinga analyst update
• Positive Sentiment: IFF plans to repurchase up to $2.5 billion of its shares, which could support per-share earnings and signal that management views the stock as attractively valued. IFF share buyback report
• Neutral Sentiment: UBS raised its price target from $84 to $91 but retained a “neutral” rating. The higher valuation provides modest upside, while the unchanged rating suggests the firm sees balanced potential and risks. Benzinga analyst update
• Negative Sentiment: Vertical Research downgraded IFF from “buy” to “hold,” despite assigning a $93 price target. The downgrade may limit enthusiasm because it reflects less conviction in near-term upside. Finviz analyst update
• Negative Sentiment: Second-quarter results were mixed to weak: adjusted earnings per share came in at $0.82 versus the $1.07 consensus, while revenue of $1.95 billion missed estimates of $2.62 billion. IFF also lowered its full-year sales outlook, overshadowing modest year-over-year revenue growth. International Flavors Q2 earnings snapshot

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.