International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $104.00 at JPMorgan Chase & Co.

International Flavors & Fragrances (NYSE:IFF) had its price target dropped by JPMorgan Chase & Co. from $107.00 to $104.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 30.74% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday. Barclays cut their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Bank of America lowered their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a report on Thursday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus price target of $104.21.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock traded down $2.44 on Thursday, reaching $79.55. The company’s stock had a trading volume of 427,871 shares, compared to its average volume of 1,429,990. The business’s fifty day moving average price is $85.02 and its 200 day moving average price is $93.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The company has a market cap of $20.34 billion, a price-to-earnings ratio of 84.62, a PEG ratio of 1.56 and a beta of 1.19. International Flavors & Fragrances has a twelve month low of $72.94 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.64% and a net margin of 2.12%. Equities analysts expect that International Flavors & Fragrances will post 4.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dodge & Cox raised its stake in International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after buying an additional 3,355,381 shares during the last quarter. Vanguard Group Inc. raised its stake in International Flavors & Fragrances by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock worth $2,554,996,000 after buying an additional 164,945 shares during the period. Freemont Capital Pte Ltd bought a new position in shares of International Flavors & Fragrances in the 4th quarter worth $2,143,882,000. State Street Corp lifted its stake in shares of International Flavors & Fragrances by 1.9% in the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after buying an additional 196,696 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in International Flavors & Fragrances by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock valued at $520,032,000 after purchasing an additional 157,948 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.