Stifel Nicolaus Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $105.00

International Flavors & Fragrances (NYSE:IFF) had its price objective dropped by equities research analysts at Stifel Nicolaus from $113.00 to $105.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 21.01% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Citigroup dropped their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Barclays dropped their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $107.77.

International Flavors & Fragrances Stock Down 0.4 %

International Flavors & Fragrances stock traded down $0.32 during trading hours on Monday, reaching $86.77. The stock had a trading volume of 248,562 shares, compared to its average volume of 1,300,627. The company has a market cap of $22.19 billion, a price-to-earnings ratio of -9.56, a PEG ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The business’s 50 day moving average price is $86.24 and its 200-day moving average price is $94.79. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. International Flavors & Fragrances’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that International Flavors & Fragrances will post 4.15 EPS for the current year.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IFF. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in International Flavors & Fragrances in the 4th quarter valued at $9,271,000. Venturi Wealth Management LLC raised its stake in International Flavors & Fragrances by 74.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 740 shares during the last quarter. Truist Financial Corp raised its stake in International Flavors & Fragrances by 0.7% in the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after purchasing an additional 129 shares during the last quarter. CIBC Asset Management Inc raised its stake in International Flavors & Fragrances by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 38,968 shares of the specialty chemicals company’s stock valued at $3,295,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in International Flavors & Fragrances by 18.8% in the 4th quarter. Sanctuary Advisors LLC now owns 7,867 shares of the specialty chemicals company’s stock valued at $690,000 after purchasing an additional 1,246 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.