Deutsche Bank Aktiengesellschaft Raises International Flavors & Fragrances (NYSE:IFF) Price Target to $95.00

International Flavors & Fragrances (NYSE:IFF) had its price objective upped by Deutsche Bank Aktiengesellschaft from $75.00 to $95.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 14.46% from the stock’s current price.

Several other brokerages have also recently issued reports on IFF. Oppenheimer upgraded International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research note on Friday, February 13th. Wells Fargo & Company raised their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Argus boosted their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Finally, Mizuho lifted their price objective on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Fourteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.09.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $83.00 on Tuesday. The firm has a 50 day moving average of $70.74 and a two-hundred day moving average of $66.89. The stock has a market capitalization of $21.26 billion, a PE ratio of -60.58, a P/E/G ratio of 2.42 and a beta of 1.05. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances has a 52 week low of $59.14 and a 52 week high of $85.25.

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

Institutional Trading of International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dodge & Cox boosted its position in shares of International Flavors & Fragrances by 5.5% in the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after purchasing an additional 1,925,251 shares during the period. Vanguard Group Inc. lifted its stake in International Flavors & Fragrances by 0.8% in the third quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock valued at $1,915,936,000 after buying an additional 252,983 shares during the last quarter. State Street Corp boosted its holdings in shares of International Flavors & Fragrances by 1.1% in the fourth quarter. State Street Corp now owns 11,092,368 shares of the specialty chemicals company’s stock valued at $751,875,000 after acquiring an additional 121,260 shares during the period. First Eagle Investment Management LLC grew its position in shares of International Flavors & Fragrances by 27.5% during the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after acquiring an additional 1,904,598 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of International Flavors & Fragrances by 131.3% in the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after acquiring an additional 4,069,075 shares during the period. Institutional investors and hedge funds 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.