Argus Issues Positive Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective boosted by equities research analysts at Argus from $70.00 to $80.00 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Argus’ price target indicates a potential upside of 11.06% from the stock’s previous close.

IFF has been the subject of several other reports. Mizuho dropped their price objective on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. BNP Paribas Exane cut their price target on shares of International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Finally, Bank of America lifted their price objective on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.46.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $72.04 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of -44.24, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04. International Flavors & Fragrances has a twelve month low of $59.14 and a twelve month high of $88.09. The company has a 50-day simple moving average of $67.40 and a two-hundred day simple moving average of $66.82.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in International Flavors & Fragrances by 7.6% during the 2nd quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after acquiring an additional 155 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in International Flavors & Fragrances by 0.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock worth $1,344,000 after buying an additional 158 shares during the period. Clearstead Advisors LLC grew its position in shares of International Flavors & Fragrances by 6.1% in the 3rd quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock valued at $186,000 after buying an additional 173 shares during the last quarter. UMB Bank n.a. increased its stake in shares of International Flavors & Fragrances by 17.3% in the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock valued at $95,000 after buying an additional 190 shares during the period. Finally, Eastern Bank raised its position in shares of International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 193 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.