Bank of America Boosts International Flavors & Fragrances (NYSE:IFF) Price Target to $99.00

International Flavors & Fragrances (NYSE:IFF) had its target price increased by equities researchers at Bank of America from $87.00 to $99.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. Bank of America‘s price objective indicates a potential upside of 2.01% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird upped their price target on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and upped their price target for the company from $75.00 to $100.00 in a report on Wednesday. Barclays upped their price target on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday. Mizuho boosted their price objective on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Hold” and an average price target of $94.18.

International Flavors & Fragrances Stock Down 0.2 %

Shares of NYSE:IFF opened at $97.05 on Friday. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of -9.67, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a 50 day moving average of $84.15 and a 200-day moving average of $79.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. International Flavors & Fragrances has a one year low of $62.11 and a one year high of $97.48.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. On average, sell-side analysts forecast that International Flavors & Fragrances will post 3.68 earnings per share for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in shares of International Flavors & Fragrances by 196.9% in the third quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company’s stock valued at $946,000 after purchasing an additional 9,206 shares during the last quarter. Cohen Capital Management Inc. acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at about $226,000. Compagnie Lombard Odier SCmA grew its stake in shares of International Flavors & Fragrances by 93.6% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 85,140 shares of the specialty chemicals company’s stock valued at $6,894,000 after acquiring an additional 41,173 shares in the last quarter. Comerica Bank acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at about $4,171,000. Finally, Camelot Portfolios LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at about $1,180,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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.