International Flavors & Fragrances (NYSE:IFF) Given New $104.00 Price Target at Oppenheimer

International Flavors & Fragrances (NYSE:IFF) had its price objective trimmed by Oppenheimer from $114.00 to $104.00 in a report issued on Thursday,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

Several other research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Citigroup dropped their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Down 0.3 %

Shares of NYSE:IFF opened at $79.92 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company has a market cap of $20.43 billion, a PE ratio of 85.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77. The firm has a 50 day simple moving average of $84.71 and a 200 day simple moving average of $93.43.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, research analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in International Flavors & Fragrances by 7.6% in the 4th quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company’s stock valued at $1,931,000 after buying an additional 1,621 shares during the last quarter. Forum Financial Management LP boosted its holdings in International Flavors & Fragrances by 58.8% in the 4th quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company’s stock valued at $330,000 after purchasing an additional 1,446 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in International Flavors & Fragrances in the 4th quarter valued at $415,000. Toronto Dominion Bank boosted its holdings in International Flavors & Fragrances by 8.3% in the 4th quarter. Toronto Dominion Bank now owns 136,779 shares of the specialty chemicals company’s stock valued at $11,565,000 after purchasing an additional 10,522 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in International Flavors & Fragrances in the 4th quarter valued at $1,916,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.