International Flavors & Fragrances (NYSE:IFF) had its price target increased by equities research analysts at JPMorgan Chase & Co. from $125.00 to $140.00 in a report issued on Wednesday, The Fly reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 5.41% from the company’s previous close.

Several other brokerages have also issued reports on IFF. KeyCorp decreased their target price on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus set a $120.00 target price on International Flavors & Fragrances and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Societe Generale assumed coverage on International Flavors & Fragrances in a research report on Monday, September 9th. They issued a “buy” rating and a $140.00 target price for the company. UBS Group decreased their target price on International Flavors & Fragrances from $171.00 to $163.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Finally, Citigroup decreased their target price on International Flavors & Fragrances from $129.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. International Flavors & Fragrances currently has an average rating of “Hold” and an average price target of $141.36.

Shares of NYSE:IFF opened at $132.81 on Wednesday. International Flavors & Fragrances has a 52-week low of $104.86 and a 52-week high of $152.95. The firm has a market capitalization of $14.36 billion, a P/E ratio of 21.15 and a beta of 0.83. The stock has a 50 day moving average price of $120.75 and a 200-day moving average price of $130.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.59 and a current ratio of 2.05.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.01). International Flavors & Fragrances had a return on equity of 10.39% and a net margin of 7.59%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company posted $1.64 EPS. The firm’s revenue was up 39.7% on a year-over-year basis. On average, equities analysts forecast that International Flavors & Fragrances will post 6.18 EPS for the current fiscal year.

In related news, insider Nicolas Mirzayantz sold 928 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $126.26, for a total transaction of $117,169.28. Following the completion of the transaction, the insider now owns 34,465 shares of the company’s stock, valued at approximately $4,351,550.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 2,786 shares of company stock valued at $330,449. 0.39% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in International Flavors & Fragrances by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 12,473,664 shares of the specialty chemicals company’s stock valued at $1,809,804,000 after buying an additional 176,620 shares in the last quarter. BlackRock Inc. boosted its stake in International Flavors & Fragrances by 0.9% during the 2nd quarter. BlackRock Inc. now owns 7,111,596 shares of the specialty chemicals company’s stock valued at $1,031,824,000 after purchasing an additional 64,537 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in International Flavors & Fragrances by 6.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 2,225,119 shares of the specialty chemicals company’s stock valued at $322,843,000 after purchasing an additional 129,422 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in International Flavors & Fragrances by 43.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,685,399 shares of the specialty chemicals company’s stock valued at $244,534,000 after purchasing an additional 512,851 shares during the last quarter. Finally, Swedbank boosted its stake in International Flavors & Fragrances by 11.8% during the 2nd quarter. Swedbank now owns 1,403,192 shares of the specialty chemicals company’s stock valued at $203,589,000 after purchasing an additional 148,419 shares during the last quarter. 93.69% of the stock is owned by institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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