BNP Paribas Exane Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its target price decreased by investment analysts at BNP Paribas Exane from $91.00 to $89.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. BNP Paribas Exane’s price objective would indicate a potential upside of 25.82% from the stock’s current price.

A number of other brokerages also recently commented on IFF. Barclays boosted their price target on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Bank of America dropped their price target on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Morgan Stanley reduced their price target on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 22nd. Finally, Citigroup cut their price objective on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.49.

International Flavors & Fragrances Price Performance

Shares of IFF traded up $0.56 during trading hours on Tuesday, reaching $70.74. 1,164,678 shares of the company traded hands, compared to its average volume of 1,515,498. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $88.09. The stock has a market capitalization of $18.12 billion, a PE ratio of -43.66, a price-to-earnings-growth ratio of 2.61 and a beta of 1.04. The stock has a fifty day simple moving average of $66.63 and a 200 day simple moving average of $66.97. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

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 for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the business earned $1.04 EPS. International Flavors & Fragrances’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, research analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC grew its position in International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares during the last quarter. American National Bank & Trust increased its stake in International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 479 shares during the period. Elkhorn Partners Limited Partnership raised its holdings in International Flavors & Fragrances by 200.0% in the 2nd 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. lifted 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 worth $46,000 after acquiring an additional 210 shares during the period. Finally, Eastern Bank grew its holdings in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds 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.