International Flavors & Fragrances (NYSE:IFF) Upgraded to Overweight by JPMorgan Chase & Co.

International Flavors & Fragrances (NYSE:IFF) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Wednesday, MarketBeat reports. The brokerage currently has a $100.00 price objective on the specialty chemicals company’s stock, up from their prior price objective of $75.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 3.04% from the company’s current price.

Several other analysts have also commented on the stock. Stifel Nicolaus lifted their price target on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the company a “hold” rating in a research report on Tuesday. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price objective for the stock from $73.00 to $112.00 in a research report on Friday, January 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Argus lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. 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. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus target price of $93.18.

International Flavors & Fragrances Stock Down 0.2 %

Shares of NYSE:IFF opened at $97.05 on Wednesday. International Flavors & Fragrances has a 52-week low of $62.11 and a 52-week high of $97.48. The stock has a market cap of $24.78 billion, a P/E ratio of -9.67, a PEG ratio of 1.94 and a beta of 1.21. The business has a fifty day moving average of $84.15 and a two-hundred day moving average of $79.55. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF) last announced 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. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. On average, research analysts expect that International Flavors & Fragrances will post 3.68 earnings per share for the current year.

Institutional Inflows and Outflows

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