Citigroup Reiterates Buy Rating on International Flavors & Fragrances
Citigroup maintains a buy rating on IFF, setting a target price of $88, a 15.26% upside from the current price.
Key Points
- On June 24, 2026, Citigroup reiterated its buy rating on International Flavors & Fragrances, setting a price target of $88.
- Citigroup's $88 price target implies 15.26% upside from International Flavors & Fragrances Inc.'s ($IFF) current $76.35 share price.
- IFF shares traded near $74.71 on Thursday, with a market cap of $19.39 billion and a P/E ratio of 23.51.
- Recent insider activity includes a significant buy by Paul Fribourg, while analysts maintain a positive outlook with a mean target price of $91.65.
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On June 24, 2026, Citigroup reiterated its buy rating on International Flavors & Fragrances Inc. (NYSE: IFF), setting a price target of $88. Analyst Patrick Cunningham continues to see upside potential in the stock.
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Other Institutional Activity in International Flavors & Fragrances
Dodge & Cox grew its holdings by 71,900 shares, ending with 36.47 million shares worth about $2.65 billion, reflecting a 0.2% increase. BlackRock, Inc. added 687,027 shares, boosting its stake by 3.1% to 22.72 million shares valued at approximately $1.65 billion. Vanguard Capital Management LLC opened a new position with 16.24 million shares valued at around $1.18 billion. Similarly, Vanguard Portfolio Management LLC also initiated a stake with 11.72 million shares worth about $850.52 million. State Street Corp increased its holdings by 195,586 shares to a total of 11.29 million shares, valued at $823.41 million, marking a 1.8% increase.
International Flavors & Fragrances Inc. Stock Down 13.2%
Shares of NYSE:IFF traded near $74.71 on Thursday. International Flavors & Fragrances has a market cap of $19.39 billion, a P/E ratio of 23.51, and a beta of 0.956. The stock's 52-week range is between $59.14 and $84.45, with a 50-day moving average of $74.41 and a 200-day moving average of $69.88. The company maintains a current ratio of 1.49 and a quick ratio of 0.71, with a debt-to-equity ratio of 45.70.
$IFF price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
International Flavors & Fragrances reported revenue of $10.79 billion, although it experienced a slight revenue decline of 3.6%. The company posted an EPS of $3.23, with a net margin of 7.66% and a return on equity of 6.05%. The next earnings report is expected on August 4, 2026.
Dividend
The company offers an annual dividend rate of $1.60, yielding 2.09%. Its dividend payout ratio stands at 49.54%.
Insider Buying and Selling at International Flavors & Fragrances Inc.
On June 1, 2026, insider Paul Fribourg purchased 273,500 shares at an average price of $74.29. In contrast, several executives, including Deborah Borg, EVP and Chief People & Culture Officer, sold shares on May 4, 2026, at an average price of $70.09.
Analysts Set New Price Targets
On June 24, 2026, Citigroup maintained its buy rating with a price target of $88. Earlier, on June 9, 2026, Benchmark initiated coverage with a buy rating and a $100 price target. Barclays maintained its buy rating on May 8, 2026, with a target of $90. The consensus among analysts is a buy rating, with a mean target price of $91.66 based on 18 analyst opinions.
About International Flavors & Fragrances
International Flavors & Fragrances Inc., headquartered in New York, produces and sells a wide range of products including flavors, fragrances, and specialty chemicals. Operating through segments like Taste, Food Ingredients, Health & Biosciences, and Scent, the company serves various industries globally. Led by CEO Jon Erik Fyrwald, IFF employs approximately 21,500 people.
Bottom Line
Citigroup's reiterated buy rating for International Flavors & Fragrances highlights continued confidence in the company's prospects. Investors watch these ratings closely, though it's important to remember that analyst opinions are forward-looking estimates. IFF's stock performance and strategic moves in the coming months will be key to watch.
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