International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $101.00 at Bank of America

International Flavors & Fragrances (NYSE:IFF) had its price objective dropped by Bank of America from $105.00 to $101.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Bank of America‘s price objective indicates a potential upside of 26.91% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. cut their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. UBS Group lifted their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $104.43.

International Flavors & Fragrances Stock Down 2.9 %

Shares of NYSE IFF traded down $2.41 during midday trading on Thursday, hitting $79.58. 337,495 shares of the company’s stock were exchanged, compared to its average volume of 1,425,858. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances has a twelve month low of $72.94 and a twelve month high of $106.77. The company has a market cap of $20.35 billion, a PE ratio of 84.65, a P/E/G ratio of 1.56 and a beta of 1.19. The firm’s fifty day simple moving average is $85.02 and its 200-day simple moving average is $93.64.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.64% and a net margin of 2.12%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Research analysts predict that International Flavors & Fragrances will post 4.35 EPS for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dodge & Cox boosted its position in shares of International Flavors & Fragrances by 11.9% in the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after buying an additional 3,355,381 shares during the period. Vanguard Group Inc. boosted its position in shares of International Flavors & Fragrances by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock worth $2,554,996,000 after buying an additional 164,945 shares during the period. Freemont Capital Pte Ltd purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter worth about $2,143,882,000. State Street Corp boosted its position in shares of International Flavors & Fragrances by 1.9% in the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after buying an additional 196,696 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of International Flavors & Fragrances by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock worth $520,032,000 after buying an additional 157,948 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.