International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $108.00

International Flavors & Fragrances (NYSE:IFF) had its price objective hoisted by equities researchers at Citigroup from $100.00 to $108.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price objective would indicate a potential upside of 11.28% from the stock’s previous close.

IFF has been the subject of several other reports. Deutsche Bank Aktiengesellschaft increased their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Morgan Stanley lifted their price objective on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Mizuho upped their price objective on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wolfe Research started coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They issued an “underperform” rating for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.18.

International Flavors & Fragrances Trading Down 0.2 %

Shares of International Flavors & Fragrances stock opened at $97.05 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. International Flavors & Fragrances has a 52 week low of $62.11 and a 52 week high of $97.48. The stock has a 50 day moving average price of $84.15 and a two-hundred day moving average price of $79.55. The stock has a market capitalization of $24.78 billion, a PE ratio of -9.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The business 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%. International Flavors & Fragrances’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, equities analysts anticipate that International Flavors & Fragrances will post 3.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently modified their holdings of IFF. Blue Bell Private Wealth Management LLC increased its stake 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 in the last quarter. Riverview Trust Co bought a new stake in International Flavors & Fragrances in the first quarter worth $27,000. Quent Capital LLC grew its stake in shares of International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 240 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth about $41,000. Finally, Principal Securities Inc. bought a new position in International Flavors & Fragrances in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.