Bank of America Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $101.00

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by Bank of America from $105.00 to $101.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other research analysts have also recently issued reports on IFF. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a report on Thursday. Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Barclays cut their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Oppenheimer cut their price objective on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Trading Down 2.1 %

NYSE:IFF opened at $80.24 on Thursday. International Flavors & Fragrances has a 12 month low of $72.94 and a 12 month high of $106.77. The firm has a fifty day simple moving average of $84.86 and a 200-day simple moving average of $93.55. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.51 billion, a P/E ratio of 85.36, a PEG ratio of 1.48 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts anticipate that International Flavors & Fragrances will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in International Flavors & Fragrances by 7.6% in the 4th quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company’s stock valued at $1,931,000 after purchasing an additional 1,621 shares during the last quarter. Forum Financial Management LP boosted its holdings in International Flavors & Fragrances by 58.8% in the 4th quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company’s stock valued at $330,000 after purchasing an additional 1,446 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in International Flavors & Fragrances in the 4th quarter valued at about $415,000. Toronto Dominion Bank boosted its holdings in International Flavors & Fragrances by 8.3% in the 4th quarter. Toronto Dominion Bank now owns 136,779 shares of the specialty chemicals company’s stock valued at $11,565,000 after purchasing an additional 10,522 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in International Flavors & Fragrances in the 4th quarter valued at about $1,916,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About International Flavors & Fragrances

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.