Oppenheimer Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $89.00

International Flavors & Fragrances (NYSE:IFF) had its price target dropped by investment analysts at Oppenheimer from $104.00 to $89.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s target price points to a potential upside of 20.36% from the company’s current price.

A number of other brokerages have also recently weighed in on IFF. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Mizuho dropped their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, Stifel Nicolaus dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.54.

International Flavors & Fragrances Stock Up 1.7 %

Shares of IFF traded up $1.24 during mid-day trading on Tuesday, reaching $73.95. The company’s stock had a trading volume of 128,967 shares, compared to its average volume of 1,525,500. The company’s 50 day moving average is $77.94 and its 200 day moving average is $86.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The stock has a market cap of $18.91 billion, a PE ratio of 78.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances has a 12-month low of $65.85 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of large investors have recently bought and sold shares of IFF. UMB Bank n.a. boosted its stake in shares of International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after acquiring an additional 119 shares during the last quarter. Truist Financial Corp grew its holdings in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after buying an additional 129 shares in the last quarter. Wahed Invest LLC raised its position in shares of International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after buying an additional 130 shares during the last quarter. United Community Bank lifted its stake in shares of International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock valued at $78,000 after buying an additional 150 shares during the period. Finally, Commerce Bank boosted its position in International Flavors & Fragrances by 3.8% during the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 152 shares during 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 engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.