International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $93.00 by Analysts at Barclays

International Flavors & Fragrances (NYSE:IFF) had its target price raised by analysts at Barclays from $82.00 to $93.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s target price indicates a potential downside of 4.17% from the company’s current price.

IFF has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upped their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Morgan Stanley increased their price target 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. Citigroup upped their price objective on shares of International Flavors & Fragrances from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the stock from $73.00 to $112.00 in a research note on Friday, January 12th. Finally, StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $93.18.

International Flavors & Fragrances Stock Down 0.2 %

IFF stock opened at $97.05 on Wednesday. International Flavors & Fragrances has a 1-year low of $62.11 and a 1-year high of $97.48. The stock has a market cap of $24.78 billion, a P/E ratio of -9.67, a P/E/G ratio of 1.94 and a beta of 1.21. The stock’s fifty day simple moving average is $84.15 and its two-hundred day simple moving average is $79.55. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.27. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. Analysts expect that International Flavors & Fragrances will post 3.68 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wintrust Investments LLC boosted its holdings in International Flavors & Fragrances by 12.7% during the 1st quarter. Wintrust Investments LLC now owns 17,490 shares of the specialty chemicals company’s stock valued at $1,504,000 after acquiring an additional 1,970 shares during the period. Searle & CO. grew its holdings in shares of International Flavors & Fragrances by 9.4% in the first quarter. Searle & CO. now owns 4,846 shares of the specialty chemicals company’s stock worth $417,000 after purchasing an additional 415 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of International Flavors & Fragrances in the first quarter worth $239,000. Wilkins Investment Counsel Inc. boosted its position in International Flavors & Fragrances by 32.6% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 193,869 shares of the specialty chemicals company’s stock valued at $16,671,000 after buying an additional 47,712 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in International Flavors & Fragrances by 16.0% in the 1st quarter. First Eagle Investment Management LLC now owns 3,619 shares of the specialty chemicals company’s stock worth $311,000 after acquiring an additional 500 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

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.