UBS Group Raises International Flavors & Fragrances (NYSE:IFF) Price Target to $71.00

International Flavors & Fragrances (NYSE:IFF) had its price target raised by equities research analysts at UBS Group from $68.00 to $71.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price would suggest a potential upside of 2.99% from the stock’s current price.

A number of other research firms have also recently issued reports on IFF. BNP Paribas cut their price target on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Bank of America cut their target price on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Argus cut their price objective on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, Mizuho reduced their target price on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.19.

International Flavors & Fragrances Price Performance

Shares of IFF stock traded down $0.16 on Monday, hitting $68.94. 1,357,857 shares of the company’s stock were exchanged, compared to its average volume of 1,595,056. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $88.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The company has a 50 day moving average of $66.21 and a 200 day moving average of $67.02. The stock has a market cap of $17.66 billion, a P/E ratio of -42.55, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. On average, equities research analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current year.

Institutional Trading of International Flavors & Fragrances

Several hedge funds have recently added to or reduced their stakes in IFF. Czech National Bank grew its holdings in International Flavors & Fragrances by 3.7% during the 4th quarter. Czech National Bank now owns 67,529 shares of the specialty chemicals company’s stock valued at $4,551,000 after buying an additional 2,437 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of International Flavors & Fragrances by 290.2% in the fourth quarter. SG Americas Securities LLC now owns 139,859 shares of the specialty chemicals company’s stock valued at $9,425,000 after acquiring an additional 104,016 shares during the period. Assenagon Asset Management S.A. grew its stake in International Flavors & Fragrances by 1,218.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 105,302 shares of the specialty chemicals company’s stock valued at $7,096,000 after acquiring an additional 97,314 shares in the last quarter. True Wealth Design LLC lifted its stake in International Flavors & Fragrances by 73.9% in the 4th quarter. True Wealth Design LLC now owns 953 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 405 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in International Flavors & Fragrances by 3.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,877 shares of the specialty chemicals company’s stock valued at $3,927,000 after purchasing an additional 1,926 shares during the period. Institutional investors own 96.02% of the company’s stock.

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.