International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $104.00 at Oppenheimer

International Flavors & Fragrances (NYSE:IFF) had its price target decreased by Oppenheimer from $114.00 to $104.00 in a research note issued to investors on Thursday,Benzinga reports. Oppenheimer currently has an outperform rating on the specialty chemicals company’s stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Thursday, November 7th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Barclays dropped their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, UBS Group lifted their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Two investment analysts have 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Price Performance

IFF stock opened at $80.24 on Thursday. The business has a fifty day moving average of $84.86 and a two-hundred day moving average of $93.55. 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 stock has a market cap of $20.51 billion, a price-to-earnings ratio of 85.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.19. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. As a group, research analysts anticipate that International Flavors & Fragrances will post 4.35 earnings per share for the current year.

Institutional Trading of International Flavors & Fragrances

A number of institutional investors have recently bought and sold shares of the business. Dodge & Cox lifted its holdings in International Flavors & Fragrances by 11.9% during the 4th 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. lifted its holdings 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 last quarter. Freemont Capital Pte Ltd purchased a new stake in International Flavors & Fragrances during the 4th quarter worth about $2,143,882,000. State Street Corp lifted its holdings in International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after buying an additional 196,696 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 worth $520,032,000 after buying an additional 157,948 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.