International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $90.00 by Analysts at Deutsche Bank Aktiengesellschaft

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by analysts at Deutsche Bank Aktiengesellschaft from $95.00 to $90.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 20.34% from the company’s previous close.

Several other research firms have also recently weighed in on IFF. Barclays boosted their price target on International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Jefferies Financial Group boosted their target price on shares of International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Oppenheimer raised their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Rothschild & Co Redburn cut their price target on shares of International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus price target of $90.49.

International Flavors & Fragrances Price Performance

Shares of IFF traded down $1.26 during trading hours on Monday, reaching $74.79. The stock had a trading volume of 214,480 shares, compared to its average volume of 1,807,841. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $84.45. The stock has a market capitalization of $19.09 billion, a PE ratio of 22.97, a PEG ratio of 1.67 and a beta of 0.94. The company’s 50-day moving average is $73.20 and its two-hundred day moving average is $71.76.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.International Flavors & Fragrances’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. Research analysts expect that International Flavors & Fragrances will post 4.57 EPS for the current year.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 142,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $27,000. Root Financial Partners LLC lifted its holdings in International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 274 shares during the period. Geneos Wealth Management Inc. lifted its holdings in 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 valued at $46,000 after buying an additional 210 shares during the period. Transamerica Financial Advisors LLC boosted its position in International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in International Flavors & Fragrances by 42.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds 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.