Berenberg Bank Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price target lowered by Berenberg Bank from $78.30 to $77.50 in a research note issued on Thursday,MarketScreener reports. The firm currently has a “hold” rating on the specialty chemicals company’s stock. Berenberg Bank’s target price suggests a potential upside of 3.40% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Argus upped their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. BNP Paribas Exane decreased their target price on International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Finally, Bank of America raised their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average target price of $86.41.

International Flavors & Fragrances Stock Up 2.1%

Shares of NYSE IFF opened at $74.95 on Thursday. International Flavors & Fragrances has a 52-week low of $59.14 and a 52-week high of $86.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.44. The business has a fifty day moving average of $68.58 and a two-hundred day moving average of $66.61. The stock has a market cap of $19.19 billion, a PE ratio of -46.27, a PEG ratio of 2.77 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the company posted $1.04 EPS. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, equities research analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Several large investors have recently bought and sold shares of IFF. EverSource Wealth Advisors LLC grew its holdings in International Flavors & Fragrances by 62.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,163 shares of the specialty chemicals company’s stock worth $213,000 after acquiring an additional 1,211 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of International Flavors & Fragrances in the 4th quarter worth $27,000. Alan B Lancz & Associates Inc. acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $216,000. Global Retirement Partners LLC increased its holdings in International Flavors & Fragrances by 1,342.1% in the fourth quarter. Global Retirement Partners LLC now owns 8,912 shares of the specialty chemicals company’s stock valued at $601,000 after purchasing an additional 8,294 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in International Flavors & Fragrances in the fourth quarter valued at about $147,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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.