International Flavors & Fragrances (NYSE:IFF) PT Raised to $93.00

International Flavors & Fragrances (NYSE:IFF) had its price target hoisted by Barclays from $82.00 to $93.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s target price points to a potential downside of 3.85% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus boosted their target price on International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Robert W. Baird upped their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup lifted their target price on International Flavors & Fragrances from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Argus lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $93.18.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded up $2.39 during midday trading on Wednesday, reaching $96.72. 2,162,833 shares of the company traded hands, compared to its average volume of 2,122,711. International Flavors & Fragrances has a 52 week low of $62.11 and a 52 week high of $97.35. The company has a market cap of $24.69 billion, a price-to-earnings ratio of -9.62, a PEG ratio of 1.94 and a beta of 1.21. The stock has a 50-day moving average price of $83.24 and a 200 day moving average price of $79.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Sell-side analysts anticipate that International Flavors & Fragrances will post 3.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors have recently bought and sold shares of IFF. Fifth Third Bancorp boosted its stake in shares of International Flavors & Fragrances by 196.9% in the 3rd quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company’s stock valued at $946,000 after purchasing an additional 9,206 shares in the last quarter. Cohen Capital Management Inc. bought a new position in International Flavors & Fragrances during the fourth quarter worth about $226,000. Compagnie Lombard Odier SCmA raised its position in shares of International Flavors & Fragrances by 93.6% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 85,140 shares of the specialty chemicals company’s stock valued at $6,894,000 after buying an additional 41,173 shares in the last quarter. Comerica Bank bought a new position in International Flavors & Fragrances during the 3rd quarter worth $4,171,000. Finally, Camelot Portfolios LLC bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $1,180,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.