International Flavors & Fragrances (NYSE:IFF) Stock Price Expected to Rise, Citigroup Analyst Says

International Flavors & Fragrances (NYSE:IFF) had its price target hoisted by stock analysts at Citigroup from $77.00 to $83.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target indicates a potential upside of 14.76% from the company’s previous close.

Several other research analysts also recently weighed in on IFF. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Bank of America boosted their price objective on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Argus decreased their target price on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. BNP Paribas cut their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $86.14.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded up $1.47 during trading on Wednesday, hitting $72.33. 744,207 shares of the company were exchanged, compared to its average volume of 1,510,931. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of -44.44, a P/E/G ratio of 2.69 and a beta of 1.04. The firm has a 50 day moving average price of $67.28 and a 200 day moving average price of $66.79. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $88.09.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 EPS. On average, equities analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of large investors have recently bought and sold shares of IFF. Dodge & Cox lifted its position in International Flavors & Fragrances by 5.5% during the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after purchasing an additional 1,925,251 shares during the period. Vanguard Group Inc. increased its stake in International Flavors & Fragrances by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock worth $1,915,936,000 after purchasing an additional 252,983 shares in the last quarter. State Street Corp lifted its position in International Flavors & Fragrances by 0.8% in the 3rd quarter. State Street Corp now owns 10,971,108 shares of the specialty chemicals company’s stock valued at $679,460,000 after acquiring an additional 86,134 shares in the last quarter. Invesco Ltd. raised its stake in shares of International Flavors & Fragrances by 131.3% in the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after purchasing an additional 4,069,075 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of International Flavors & Fragrances by 27.3% in the third quarter. First Eagle Investment Management LLC now owns 6,927,070 shares of the specialty chemicals company’s stock valued at $426,292,000 after purchasing an additional 1,485,976 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

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.