International Flavors & Fragrances Inc. (NYSE:IFF) Receives $90.84 Consensus Target Price from Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $91.1667.

IFF has been the topic of a number of research analyst reports. Oppenheimer upgraded International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price on the stock in a research report on Friday, February 13th. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Berenberg Bank cut their target price on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Citigroup lifted their price objective on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 13th.

International Flavors & Fragrances Price Performance

IFF stock opened at $81.37 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The company’s fifty day moving average price is $71.47 and its 200-day moving average price is $67.04. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $84.45. The company has a market capitalization of $20.84 billion, a PE ratio of -59.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05.

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

Institutional Investors Weigh In On International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IFF. Lloyd Advisory Services LLC. purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $27,000. True Wealth Design LLC boosted its stake in International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 493 shares during the period. Elkhorn Partners Limited Partnership increased its position in International Flavors & Fragrances by 200.0% during the second 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 during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of International Flavors & Fragrances by 55.7% in the first 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, CYBER HORNET ETFs LLC bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth about $49,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.