International Flavors & Fragrances (NYSE:IFF) PT Raised to $121.00

International Flavors & Fragrances (NYSE:IFF) had its target price raised by Stifel Nicolaus from $115.00 to $121.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 19.27% from the stock’s previous close.

Several other research analysts have also commented on IFF. Citigroup lifted their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. Oppenheimer lifted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. increased their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Barclays boosted their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.86.

International Flavors & Fragrances Stock Down 1.0 %

NYSE:IFF opened at $101.45 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The company has a market capitalization of $25.94 billion, a price-to-earnings ratio of -11.00, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22. International Flavors & Fragrances has a one year low of $63.21 and a one year high of $106.77. The stock has a 50-day simple moving average of $102.89 and a 200 day simple moving average of $97.20.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. Sell-side analysts predict that International Flavors & Fragrances will post 4.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Riverview Trust Co bought a new position in International Flavors & Fragrances during the 1st quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at $27,000. Quent Capital LLC boosted its stake in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 240 shares in the last quarter. Family Firm Inc. bought a new stake in International Flavors & Fragrances in the second quarter worth about $38,000. Finally, Fidelis Capital Partners LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.