Bank of America Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $101.00

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by Bank of America from $105.00 to $101.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other analysts also recently issued reports on IFF. Stifel Nicolaus cut their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Cfra downgraded 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. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. Wells Fargo & Company dropped their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Citigroup decreased their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Trading Down 0.3 %

NYSE:IFF opened at $79.92 on Thursday. The stock has a fifty day simple moving average of $84.71 and a 200 day simple moving average of $93.43. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 85.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. International Flavors & Fragrances has a 1-year low of $72.94 and a 1-year high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Sell-side analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Institutional Trading of International Flavors & Fragrances

Several large investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its position in International Flavors & Fragrances by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock worth $64,533,000 after purchasing an additional 7,553 shares during the period. Choreo LLC boosted its holdings in shares of International Flavors & Fragrances by 55.7% during the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after buying an additional 8,728 shares during the period. Compagnie Lombard Odier SCmA grew its stake in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after buying an additional 11,406 shares during the last quarter. Covea Finance raised its holdings in International Flavors & Fragrances by 79.0% in the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after acquiring an additional 54,340 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in International Flavors & Fragrances during the 4th quarter worth $7,508,000. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.