Analysts Set International Flavors & Fragrances Inc. (NYSE:IFF) Price Target at $90.84

International Flavors & Fragrances Inc. (NYSE:IFF) has received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $91.1667.

IFF has been the topic of several analyst reports. Berenberg Bank dropped their target price on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. BNP Paribas Exane lowered their price objective on International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th.

International Flavors & Fragrances Stock Down 1.6%

NYSE IFF opened at $81.63 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 stock has a market capitalization of $20.91 billion, a PE ratio of -59.58, a PEG ratio of 2.16 and a beta of 1.05. The business’s 50-day moving average is $71.11 and its 200 day moving average is $66.99. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Sell-side analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors have recently made changes to their positions in IFF. Dodge & Cox raised its position in International Flavors & Fragrances by 5.5% in the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after purchasing an additional 1,925,251 shares during the period. Vanguard Group Inc. grew its stake in shares of International Flavors & Fragrances by 0.8% during the third quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock valued at $1,915,936,000 after buying an additional 252,983 shares during the last quarter. State Street Corp lifted its stake in shares of International Flavors & Fragrances by 1.1% during the 4th quarter. State Street Corp now owns 11,092,368 shares of the specialty chemicals company’s stock worth $751,875,000 after acquiring an additional 121,260 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in International Flavors & Fragrances by 27.5% during the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock valued at $595,166,000 after acquiring an additional 1,904,598 shares during the period. Finally, Invesco Ltd. grew its position in International Flavors & Fragrances by 4.9% in the 4th quarter. Invesco Ltd. now owns 7,519,812 shares of the specialty chemicals company’s stock valued at $506,760,000 after acquiring an additional 352,636 shares during the last quarter. Institutional investors 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.