International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $91.00

International Flavors & Fragrances (NYSE:IFF) had its target price raised by Barclays from $78.00 to $91.00 in a research note issued on Friday,MarketScreener reports. The firm currently has an “overweight” rating on the specialty chemicals company’s stock. Barclays‘s price objective would suggest a potential upside of 12.30% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. Argus upped their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. BNP Paribas Exane reduced their target price on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday. Wells Fargo & Company lifted 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 note on Friday. Finally, Oppenheimer raised shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.97.

International Flavors & Fragrances Trading Down 0.6%

NYSE:IFF opened at $81.03 on Friday. The business has a fifty day moving average price of $69.36 and a 200-day moving average price of $66.64. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of -59.34, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $86.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.70% and a negative net margin of 3.20%.The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. Sell-side analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Clarkston Capital Partners LLC boosted its position in shares of International Flavors & Fragrances by 149.9% in the 4th quarter. Clarkston Capital Partners LLC now owns 405,620 shares of the specialty chemicals company’s stock worth $27,335,000 after purchasing an additional 243,300 shares in the last quarter. Storgate LLC acquired a new position in International Flavors & Fragrances during the fourth quarter valued at $390,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in International Flavors & Fragrances by 28.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,042,758 shares of the specialty chemicals company’s stock worth $407,221,000 after acquiring an additional 1,336,479 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $10,288,000. Finally, Macquarie Group Ltd. increased its holdings in International Flavors & Fragrances by 13.8% in the 4th quarter. Macquarie Group Ltd. now owns 42,481 shares of the specialty chemicals company’s stock worth $2,863,000 after acquiring an additional 5,154 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.