International Flavors & Fragrances Inc. (NYSE:IFF) Given Average Recommendation of “Moderate Buy” by Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $90.8438.

A number of analysts have weighed in on the company. BNP Paribas Exane lowered their target price on International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Friday. Mizuho upped their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. UBS Group raised their price objective on International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company boosted their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Barclays raised their price target on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a report on Friday.

International Flavors & Fragrances Stock Up 1.8%

Shares of International Flavors & Fragrances stock opened at $82.97 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The stock has a market cap of $21.25 billion, a price-to-earnings ratio of -60.56, a PEG ratio of 3.14 and a beta of 1.05. The firm’s 50-day moving average is $70.03 and its two-hundred day moving average is $66.68. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $86.96.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.International Flavors & Fragrances’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 EPS. As a group, research analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Institutional Trading of International Flavors & Fragrances

Several hedge funds and other institutional investors have recently made changes to their positions in IFF. Lloyd Advisory Services LLC. acquired a new position in International Flavors & Fragrances during the 4th quarter valued at about $27,000. True Wealth Design LLC grew its stake in shares of International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares during the last quarter. Elkhorn Partners Limited Partnership increased its holdings in shares of International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.