International Flavors & Fragrances (NYSE:IFF) PT Raised to $108.00 at Citigroup

International Flavors & Fragrances (NYSE:IFF) had its price target raised by analysts at Citigroup from $100.00 to $108.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price objective indicates a potential upside of 11.28% from the company’s previous close.

A number of other brokerages also recently issued reports on IFF. Argus downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Stifel Nicolaus boosted their target price on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the company from $73.00 to $112.00 in a research report on Friday, January 12th. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wolfe Research assumed coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They set an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $93.18.

International Flavors & Fragrances Stock Down 0.2 %

IFF stock opened at $97.05 on Wednesday. International Flavors & Fragrances has a 1-year low of $62.11 and a 1-year high of $97.48. The stock’s fifty day simple moving average is $84.15 and its two-hundred day simple moving average is $79.55. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The stock has a market cap of $24.78 billion, a P/E ratio of -9.67, a P/E/G ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the company earned $0.87 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. Analysts expect that International Flavors & Fragrances will post 3.68 EPS for the current year.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of hedge funds have recently bought and sold shares of the business. Winder Pte. Ltd. acquired a new position in International Flavors & Fragrances in the third quarter worth $1,728,544,000. Nordea Investment Management AB lifted its position in shares of International Flavors & Fragrances by 16.3% in the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after buying an additional 795,797 shares during the last quarter. Van ECK Associates Corp grew its position in shares of International Flavors & Fragrances by 7.8% during the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after buying an additional 344,377 shares during the last quarter. First Pacific Advisors LP raised its stake in International Flavors & Fragrances by 2.2% during the fourth quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock worth $322,286,000 after acquiring an additional 87,183 shares during the period. Finally, Northern Trust Corp lifted its holdings in International Flavors & Fragrances by 6.1% in the third quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock worth $212,674,000 after acquiring an additional 179,894 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.