Citigroup Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $105.00

International Flavors & Fragrances (NYSE:IFF) had its price objective lowered by research analysts at Citigroup from $110.00 to $105.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target would suggest a potential upside of 22.18% from the stock’s current price.

Several other research firms also recently commented on IFF. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Finally, UBS Group increased their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.21.

International Flavors & Fragrances Stock Up 0.7 %

Shares of NYSE:IFF opened at $85.94 on Wednesday. The company has a market capitalization of $21.97 billion, a PE ratio of -9.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. International Flavors & Fragrances has a 1 year low of $72.94 and a 1 year high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The business has a fifty day moving average price of $93.94 and a two-hundred day moving average price of $97.33.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. International Flavors & Fragrances’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Analysts forecast that International Flavors & Fragrances will post 4.16 earnings per share for the current year.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the transaction, the insider now owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors have recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in International Flavors & Fragrances in the third quarter worth approximately $27,000. Point72 Hong Kong Ltd purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $42,000. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at $38,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances in the 3rd quarter worth $44,000. Finally, Eastern Bank purchased a new stake in International Flavors & Fragrances during the third quarter valued at about $46,000. 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.