Morgan Stanley Raises International Flavors & Fragrances (NYSE:IFF) Price Target to $95.00

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by stock analysts at Morgan Stanley from $93.00 to $95.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. Morgan Stanley’s target price would indicate a potential upside of 20.27% from the company’s current price.

IFF has been the subject of several other research reports. Jefferies Financial Group lifted their target price on shares of International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Rothschild & Co Redburn dropped their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. BNP Paribas Exane raised their target price on International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Oppenheimer upped their price objective on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.16.

International Flavors & Fragrances Stock Up 3.2%

Shares of IFF opened at $78.99 on Wednesday. The company’s 50-day moving average price is $75.11 and its 200 day moving average price is $73.12. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $84.45. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The firm has a market cap of $20.17 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.17. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. International Flavors & Fragrances’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. On average, sell-side analysts forecast that International Flavors & Fragrances will post 4.56 earnings per share for the current year.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 260,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the purchase, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.07% of the stock is currently owned by insiders.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of International Flavors & Fragrances by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after buying an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp lifted its position in International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after acquiring an additional 539 shares during the last quarter. Empowered Funds LLC lifted its position in International Flavors & Fragrances by 71.5% in the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after acquiring an additional 4,358 shares during the last quarter. Focus Partners Wealth boosted its stake in International Flavors & Fragrances by 25.5% in the first quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after acquiring an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the last quarter. 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.