Deutsche Bank Aktiengesellschaft Issues Positive Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its target price upped by equities researchers at Deutsche Bank Aktiengesellschaft from $75.00 to $95.00 in a report issued on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 14.26% from the company’s current price.

IFF has been the subject of several other reports. Berenberg Bank dropped their target price on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Argus lifted their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Bank of America lifted their price objective 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. Finally, Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Fourteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.09.

International Flavors & Fragrances Stock Up 0.2%

IFF stock opened at $83.15 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The company has a fifty day moving average of $70.03 and a 200-day moving average of $66.68. The stock has a market capitalization of $21.29 billion, a PE ratio of -60.79, a price-to-earnings-growth ratio of 3.14 and a beta of 1.05. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $86.45.

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

Institutional Trading of International Flavors & Fragrances

A number of institutional investors have recently modified their holdings of the stock. Lloyd Advisory Services LLC. acquired a new position in International Flavors & Fragrances in the fourth quarter valued at about $27,000. True Wealth Design LLC increased its holdings in International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 493 shares during the period. Elkhorn Partners Limited Partnership raised its position in shares of International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $49,000. 96.02% of the stock is currently owned by institutional investors.

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.