JPMorgan Chase & Co. Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $104.00

International Flavors & Fragrances (NYSE:IFF) had its target price cut by JPMorgan Chase & Co. from $107.00 to $104.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

IFF has been the topic of a number of other research reports. Bank of America dropped their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group upped their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Oppenheimer decreased their target price on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. Finally, Cfra lowered 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances 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. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 85.36, a PEG ratio of 1.48 and a beta of 1.19. The stock’s 50 day moving average price is $84.86 and its two-hundred day moving average price is $93.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. 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 announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, analysts anticipate that International Flavors & Fragrances will post 4.35 earnings per share for the current fiscal year.

Institutional Trading of International Flavors & Fragrances

Several large investors have recently modified their holdings of the stock. Integrated Advisors Network LLC increased its stake in shares of International Flavors & Fragrances by 1.9% in the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after buying an additional 107 shares during the period. UMB Bank n.a. increased its stake in shares of International Flavors & Fragrances by 8.9% in the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after buying an additional 119 shares during the period. Huntington National Bank increased its stake in shares of International Flavors & Fragrances by 3.1% in the third quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock valued at $430,000 after buying an additional 124 shares during the period. Arete Wealth Advisors LLC increased its stake in shares of International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock valued at $321,000 after buying an additional 124 shares during the period. Finally, Truist Financial Corp increased its stake in shares of International Flavors & Fragrances by 0.7% in the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after buying an additional 129 shares during the period. 96.02% of the stock is 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.