International Flavors & Fragrances (NYSE:IFF) PT Raised to $95.00 at Stifel Nicolaus

International Flavors & Fragrances (NYSE:IFF) had its target price raised by research analysts at Stifel Nicolaus from $87.00 to $95.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the specialty chemicals company’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 2.29% from the company’s previous close.

Several other research firms also recently issued reports on IFF. Robert W. Baird increased their price objective on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Wells Fargo & Company raised their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, Morgan Stanley lifted their price target on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $93.18.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $97.23 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances has a 52 week low of $62.11 and a 52 week high of $97.35. The stock’s 50-day moving average price is $83.72 and its 200-day moving average price is $79.43. The stock has a market capitalization of $24.82 billion, a PE ratio of -9.68, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.86 by $0.27. The company 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 quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. As a group, equities analysts expect that International Flavors & Fragrances will post 3.68 EPS for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently made changes to their positions in the stock. Winder Pte. Ltd. purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth about $1,728,544,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in International Flavors & Fragrances in the third quarter valued at $95,612,000. Van ECK Associates Corp grew its holdings in shares of International Flavors & Fragrances by 34.0% during the third quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock worth $267,711,000 after purchasing an additional 996,629 shares during the last quarter. Norges Bank purchased a new position in International Flavors & Fragrances during the 4th quarter worth approximately $79,812,000. Finally, Nomura Holdings Inc. lifted its stake in International Flavors & Fragrances by 139.3% in the fourth quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock valued at $111,146,000 after buying an additional 798,946 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.