Robert W. Baird Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective decreased by research analysts at Robert W. Baird from $110.00 to $100.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Robert W. Baird’s price target would indicate a potential upside of 36.13% from the stock’s current price.

A number of other research firms have also recently commented on IFF. Citigroup reduced their target price on International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Barclays raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $76.00 to $84.00 in a report on Thursday. UBS Group upped their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.69.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $73.46 on Thursday. The stock has a market cap of $18.79 billion, a P/E ratio of 78.15, a PEG ratio of 1.45 and a beta of 1.08. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $76.39 and its two-hundred day moving average price is $83.69. International Flavors & Fragrances has a twelve month low of $65.85 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. International Flavors & Fragrances’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Erik Fyrwald bought 700 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now owns 37,770 shares in the company, valued at approximately $2,794,980. This trade represents a 1.89 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $32,000. Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter worth about $34,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter worth about $42,000. Principal Securities Inc. lifted its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 171 shares during the period. Finally, Mather Group LLC. boosted its stake in International Flavors & Fragrances by 179.9% during the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 421 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.