International Flavors & Fragrances (NYSE:IFF) Given New $88.00 Price Target at BNP Paribas Exane

International Flavors & Fragrances (NYSE:IFF) had its price objective lowered by analysts at BNP Paribas Exane from $89.00 to $88.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. BNP Paribas Exane’s price objective points to a potential upside of 8.60% from the stock’s current price.

Several other research firms also recently weighed in on IFF. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Argus boosted their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Citigroup upped their target price on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday. Berenberg Bank lowered their price target on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. Finally, Barclays raised their price objective on International Flavors & Fragrances from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $89.97.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $81.03 on Friday. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $86.96. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $69.36 and a 200-day moving average price of $66.64. The firm has a market capitalization of $20.75 billion, a PE ratio of -59.34, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.70%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned $0.97 EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, equities research analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Large investors have recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $27,000. True Wealth Design LLC lifted its position in International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 493 shares during the last quarter. Elkhorn Partners Limited Partnership grew its holdings in 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 last quarter. Geneos Wealth Management Inc. increased its position in shares of International Flavors & Fragrances by 55.7% during 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 in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at $49,000. 96.02% of the stock is currently 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.