International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $83.00

International Flavors & Fragrances (NYSE:IFF) had its price objective upped by investment analysts at Citigroup from $77.00 to $83.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price objective suggests a potential upside of 14.76% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Argus dropped their price target on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Bank of America upped their target price on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, BNP Paribas lowered their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.14.

International Flavors & Fragrances Stock Up 2.1%

International Flavors & Fragrances stock traded up $1.47 during mid-day trading on Wednesday, reaching $72.33. The company’s stock had a trading volume of 744,207 shares, compared to its average volume of 1,510,931. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.44. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $88.09. The business’s 50 day simple moving average is $67.28 and its 200 day simple moving average is $66.79. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of -44.44, a price-to-earnings-growth ratio of 2.69 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. As a group, research analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after buying an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp increased its stake in International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after acquiring an additional 539 shares during the last quarter. Empowered Funds LLC raised its position in International Flavors & Fragrances by 71.5% during the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after purchasing an additional 4,358 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 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.