International Flavors & Fragrances (NYSE:IFF) Given New $105.00 Price Target at Stifel Nicolaus

International Flavors & Fragrances (NYSE:IFF) had its price target reduced by Stifel Nicolaus from $113.00 to $105.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

A number of other analysts have also weighed in on IFF. Oppenheimer lowered their price target on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a report on Thursday, November 7th. Citigroup dropped their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Finally, UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.77.

International Flavors & Fragrances Trading Up 0.6 %

IFF stock opened at $86.12 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of -9.47, a P/E/G ratio of 1.54 and a beta of 1.19. The business has a fifty day moving average price of $85.96 and a 200 day moving average price of $94.59. International Flavors & Fragrances has a fifty-two week low of $72.94 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly 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 the consensus estimate of $2.83 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts expect that International Flavors & Fragrances will post 4.15 EPS for the current fiscal year.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors have recently modified their holdings of IFF. Sanctuary Advisors LLC acquired a new stake in shares of International Flavors & Fragrances during the second quarter worth $694,000. Park Avenue Securities LLC raised its stake in shares of International Flavors & Fragrances by 7.5% in the 3rd quarter. Park Avenue Securities LLC now owns 7,020 shares of the specialty chemicals company’s stock valued at $737,000 after purchasing an additional 492 shares during the period. Czech National Bank lifted its holdings in shares of International Flavors & Fragrances by 7.0% in the third quarter. Czech National Bank now owns 52,080 shares of the specialty chemicals company’s stock valued at $5,465,000 after purchasing an additional 3,421 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of International Flavors & Fragrances by 15.4% during the third quarter. GAMMA Investing LLC now owns 8,016 shares of the specialty chemicals company’s stock worth $841,000 after buying an additional 1,068 shares during the period. Finally, Mather Group LLC. raised its position in International Flavors & Fragrances by 109.5% in the 3rd quarter. Mather Group LLC. now owns 597 shares of the specialty chemicals company’s stock valued at $63,000 after buying an additional 312 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.