International Flavors & Fragrances (NYSE:IFF) Stock Rating Upgraded by Mizuho

International Flavors & Fragrances (NYSE:IFF) was upgraded by equities researchers at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a $120.00 price objective on the specialty chemicals company’s stock, up from their prior price objective of $109.00. Mizuho’s price objective indicates a potential upside of 15.40% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Bank of America lifted their price objective on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Barclays lifted their target price on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. UBS Group lowered their target price on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Citigroup lifted their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Stifel Nicolaus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has an average rating of “Hold” and an average target price of $103.27.

International Flavors & Fragrances Stock Performance

IFF stock opened at $103.99 on Tuesday. 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 stock has a market capitalization of $26.59 billion, a price-to-earnings ratio of -10.64, a PEG ratio of 1.87 and a beta of 1.26. International Flavors & Fragrances has a 1 year low of $62.28 and a 1 year high of $104.17. The stock’s fifty day moving average is $97.74 and its two-hundred day moving average is $91.31.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, research analysts predict that International Flavors & Fragrances will post 4.21 EPS for the current year.

Insider Activity

In other news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the sale, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new stake in International Flavors & Fragrances in the 1st quarter worth approximately $27,000. Quent Capital LLC lifted its holdings in International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Family Firm Inc. acquired a new stake in International Flavors & Fragrances in the 2nd quarter worth approximately $38,000. MCF Advisors LLC lifted its holdings in International Flavors & Fragrances by 1,856.0% in the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 464 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in International Flavors & Fragrances in the 2nd quarter worth approximately $48,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.