International Flavors & Fragrances (NYSE:IFF) PT Raised to $98.00

International Flavors & Fragrances (NYSE:IFF) had its target price raised by research analysts at Mizuho from $91.00 to $98.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s price objective points to a potential upside of 0.79% from the company’s current price.

Several other equities analysts also recently commented on the stock. Morgan Stanley increased their price objective on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Wolfe Research started coverage on International Flavors & Fragrances in a report on Friday, March 1st. They set an “underperform” rating on the stock. Finally, Citigroup upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.18.

International Flavors & Fragrances Stock Up 3.1 %

NYSE IFF opened at $97.23 on Tuesday. The business has a fifty day moving average price of $83.72 and a two-hundred day moving average price of $79.43. The stock has a market capitalization of $24.82 billion, a PE ratio of -9.68, a PEG ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $97.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Equities analysts expect that International Flavors & Fragrances will post 3.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its holdings in shares of International Flavors & Fragrances by 196.9% during the 3rd quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company’s stock worth $946,000 after buying an additional 9,206 shares in the last quarter. Cohen Capital Management Inc. acquired a new stake in International Flavors & Fragrances in the fourth quarter worth $226,000. Compagnie Lombard Odier SCmA raised its holdings in shares of International Flavors & Fragrances by 93.6% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 85,140 shares of the specialty chemicals company’s stock valued at $6,894,000 after purchasing an additional 41,173 shares during the period. Comerica Bank bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $4,171,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $1,180,000. 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.