BNP Paribas Exane Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective decreased by analysts at BNP Paribas Exane from $88.00 to $85.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. BNP Paribas Exane’s target price points to a potential upside of 19.65% from the company’s previous close.

Other analysts also recently issued reports about the stock. Argus boosted their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Mizuho lifted their price target on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. UBS Group boosted their price objective on International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Finally, Berenberg Bank decreased their target price on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a research note on Thursday, February 5th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.91.

International Flavors & Fragrances Stock Down 1.1%

IFF opened at $71.04 on Tuesday. The stock’s 50 day moving average price is $74.54 and its 200 day moving average price is $68.73. 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 cap of $18.15 billion, a P/E ratio of -52.08, a P/E/G ratio of 1.90 and a beta of 1.02. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The company’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. As a group, research analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Insider Activity

In related news, Director Paul J. Fribourg purchased 142,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the transaction, the director directly owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Trading of International Flavors & Fragrances

A number of hedge funds have recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $27,000. True Wealth Design LLC grew its position in International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in International Flavors & Fragrances by 55.7% during 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 period. Elkhorn Partners Limited Partnership lifted its holdings in shares of 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 valued at $44,000 after purchasing an additional 400 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of International Flavors & Fragrances in the second quarter worth $49,000. 96.02% of the stock is owned by hedge funds and other 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.