International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $95.00 by Analysts at Stifel Nicolaus

International Flavors & Fragrances (NYSE:IFF) had its target price upped by research analysts at Stifel Nicolaus from $87.00 to $95.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the specialty chemicals company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 2.29% from the company’s current price.

Several other research firms also recently weighed in on IFF. Wolfe Research started coverage on shares of International Flavors & Fragrances in a research report on Friday, March 1st. They issued an “underperform” rating for the company. Citigroup raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $100.00 in a report on Wednesday, April 10th. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Morgan Stanley raised their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Finally, Robert W. Baird boosted their target price on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.18.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $97.23 on Tuesday. The firm has a market capitalization of $24.82 billion, a P/E ratio of -9.68, a P/E/G ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances has a 12 month low of $62.11 and a 12 month high of $97.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The company’s fifty day moving average price is $83.72 and its two-hundred day moving average price is $79.43.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results 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. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the company posted $0.87 EPS. International Flavors & Fragrances’s quarterly revenue was down 4.2% on a year-over-year basis. On average, research analysts anticipate that International Flavors & Fragrances will post 3.68 earnings per share for the current fiscal year.

Institutional Trading of International Flavors & Fragrances

Several hedge funds have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC increased its holdings in shares of International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Riverview Trust Co acquired a new position in International Flavors & Fragrances during the 1st quarter valued at about $27,000. Quent Capital LLC raised its position in shares of International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 240 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $41,000. Finally, Principal Securities Inc. bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $43,000. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.