Berenberg Bank Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $77.50

International Flavors & Fragrances (NYSE:IFF) had its price objective trimmed by Berenberg Bank from $78.30 to $77.50 in a research report released on Thursday,MarketScreener reports. The brokerage currently has a hold rating on the specialty chemicals company’s stock.

A number of other equities analysts also recently weighed in on the stock. Argus boosted their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Bank of America lifted their price objective on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. UBS Group lifted their price target on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.41.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $74.95 on Thursday. The company has a market capitalization of $19.19 billion, a PE ratio of -46.27, a PEG ratio of 2.82 and a beta of 1.05. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $68.58 and its 200-day moving average price is $66.54. International Flavors & Fragrances has a twelve month low of $59.14 and a twelve month high of $86.96.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently made changes to their positions in IFF. Allspring Global Investments Holdings LLC lifted its position in International Flavors & Fragrances by 32.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock worth $8,367,000 after buying an additional 27,166 shares during the last quarter. Clarkston Capital Partners LLC purchased a new position in shares of International Flavors & Fragrances during the second quarter worth approximately $11,939,000. Ruffer LLP bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $13,552,000. Creative Planning boosted its stake in shares of International Flavors & Fragrances by 347.5% in the 2nd quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock valued at $6,277,000 after purchasing an additional 66,273 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of International Flavors & Fragrances by 3.6% during the 2nd quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock valued at $804,753,000 after purchasing an additional 381,593 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

About International Flavors & Fragrances

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.