Oppenheimer Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its target price lowered by research analysts at Oppenheimer from $114.00 to $104.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s target price points to a potential upside of 30.13% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup reduced their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Finally, Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $79.92 on Thursday. The firm’s 50 day moving average is $84.71 and its 200 day moving average is $93.45. The stock has a market capitalization of $20.43 billion, a P/E ratio of 85.02, a PEG ratio of 1.48 and a beta of 1.19. International Flavors & Fragrances has a 12 month low of $72.94 and a 12 month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

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

Institutional Trading of International Flavors & Fragrances

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Fairway Wealth LLC purchased a new position in International Flavors & Fragrances in the 4th quarter worth $34,000. Point72 Hong Kong Ltd bought a new stake in International Flavors & Fragrances in the third quarter worth $42,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at about $42,000. Finally, Eastern Bank bought a new position in shares of International Flavors & Fragrances during the third quarter valued at about $46,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.