International Flavors & Fragrances (NYSE:IFF) PT Lowered to $103.00 at UBS Group

International Flavors & Fragrances (NYSE:IFF) had its price target cut by UBS Group from $107.00 to $103.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target would indicate a potential upside of 6.32% from the company’s previous close.

A number of other research analysts have also recently issued reports on IFF. Morgan Stanley lifted their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 3rd. Mizuho lifted their target price on International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Citigroup lifted their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Barclays lifted their target price on International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird lifted their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $101.80.

International Flavors & Fragrances Stock Up 0.2 %

Shares of NYSE IFF opened at $96.88 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. International Flavors & Fragrances has a 52 week low of $62.11 and a 52 week high of $101.89. The stock has a market capitalization of $24.74 billion, a P/E ratio of -9.92, a PEG ratio of 1.95 and a beta of 1.26. The stock’s fifty day moving average is $96.61 and its 200 day moving average is $89.43.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the business earned $0.86 earnings per share. International Flavors & Fragrances’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts forecast that International Flavors & Fragrances will post 3.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares of the company’s stock, valued at $816,840.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors have recently added to or reduced their stakes in the business. Cohen Capital Management Inc. acquired a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $226,000. Bayesian Capital Management LP acquired a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $9,316,000. Clearfield Capital Management LP acquired a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $28,771,000. Price T Rowe Associates Inc. MD lifted its stake in International Flavors & Fragrances by 19.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock valued at $140,355,000 after buying an additional 280,069 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in International Flavors & Fragrances by 3.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 68,751 shares of the specialty chemicals company’s stock valued at $5,567,000 after buying an additional 2,514 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

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.