Oppenheimer Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $88.00

International Flavors & Fragrances (NYSE:IFF) had its target price decreased by analysts at Oppenheimer from $97.00 to $88.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s price target suggests a potential upside of 24.03% from the company’s current price.

A number of other brokerages have also weighed in on IFF. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $100.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 13th. Argus upped their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. UBS Group lowered their price target on shares of International Flavors & Fragrances from $85.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Rothschild & Co Redburn upped their price target on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.50.

International Flavors & Fragrances Trading Down 0.3%

Shares of IFF opened at $70.95 on Wednesday. The firm has a market cap of $18.12 billion, a price-to-earnings ratio of -51.79, a PEG ratio of 1.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The firm has a 50 day moving average price of $74.21 and a 200-day moving average price of $69.61.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The company’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, equities research analysts forecast that International Flavors & Fragrances will post 4.42 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 142,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the acquisition, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IFF. Lloyd Advisory Services LLC. bought a new position in International Flavors & Fragrances in the 4th quarter worth $27,000. True Wealth Design LLC raised its holdings in International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after purchasing an additional 610 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 239 shares during the period. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.