Argus Forecasts Strong Price Appreciation for International Flavors & Fragrances (NYSE:IFF) Stock

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by research analysts at Argus from $70.00 to $80.00 in a report released on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Argus’ price target would indicate a potential upside of 11.06% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Citigroup upped their target price on shares of International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Mizuho decreased their price objective on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Barclays boosted their target price on International Flavors & Fragrances from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.46.

International Flavors & Fragrances Stock Up 1.7%

Shares of NYSE:IFF opened at $72.04 on Thursday. The company has a 50 day moving average price of $67.40 and a two-hundred day moving average price of $66.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.44. The company has a market capitalization of $18.45 billion, a PE ratio of -44.24, a PEG ratio of 2.66 and a beta of 1.04. International Flavors & Fragrances has a 52 week low of $59.14 and a 52 week high of $88.09.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. Analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Institutional Trading of International Flavors & Fragrances

Institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC increased its holdings in shares of International Flavors & Fragrances by 896.4% during the 3rd 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. American National Bank & Trust raised its position in shares of International Flavors & Fragrances by 11,975.0% in the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares during the period. Elkhorn Partners Limited Partnership boosted its holdings in shares of International Flavors & Fragrances by 200.0% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 400 shares during the period. Geneos Wealth Management Inc. raised its holdings in 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 acquiring an additional 210 shares during the period. Finally, Eastern Bank lifted its position in International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 193 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.