International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $85.00 by Analysts at BNP Paribas Exane

International Flavors & Fragrances (NYSE:IFF) had its target price dropped by BNP Paribas Exane from $88.00 to $85.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. BNP Paribas Exane’s price objective points to a potential upside of 19.65% from the stock’s current price.

A number of other equities analysts also recently weighed in on IFF. Mizuho upped their price target on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Berenberg Bank lowered their target price on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a research note on Thursday, February 5th. Oppenheimer raised International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price on the stock in a research report on Friday, February 13th. Barclays lifted their price target on International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus price target of $89.91.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $71.04 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of -52.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. The company has a 50 day simple moving average of $74.54 and a 200-day simple moving average of $68.73. International Flavors & Fragrances has a 52-week low of $59.14 and a 52-week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Paul J. Fribourg bought 142,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the acquisition, the director owned 2,422,730 shares in the company, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Large investors have recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in International Flavors & Fragrances in the 4th quarter worth $27,000. True Wealth Design LLC grew its position in shares of International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares during the last quarter. Elkhorn Partners Limited Partnership increased its stake in shares of International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth about $49,000. 96.02% of the stock is owned by institutional investors.

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.