International Flavors & Fragrances (NYSE:IFF) Given New $114.00 Price Target at Oppenheimer

International Flavors & Fragrances (NYSE:IFF) had its target price reduced by research analysts at Oppenheimer from $117.00 to $114.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s price objective points to a potential upside of 32.44% from the stock’s current price.

Several other equities research analysts have also recently commented on IFF. JPMorgan Chase & Co. cut their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a report on Friday, November 8th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Thursday, November 7th. UBS Group increased their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.00.

International Flavors & Fragrances Price Performance

IFF opened at $86.08 on Tuesday. The stock has a market cap of $22.01 billion, a P/E ratio of -9.47, a P/E/G ratio of 1.51 and a beta of 1.18. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $86.36 and a 200 day simple moving average of $94.94. International Flavors & Fragrances has a 12 month low of $72.94 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, research analysts expect that International Flavors & Fragrances will post 4.15 EPS for the current year.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds have recently made changes to their positions in the business. State Street Corp boosted its position in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares during the period. Geode Capital Management LLC lifted its position in International Flavors & Fragrances by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after buying an additional 77,521 shares during the last quarter. Van ECK Associates Corp boosted its position in International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after buying an additional 1,663,629 shares during the period. Nordea Investment Management AB grew its holdings in shares of International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after purchasing an additional 1,121,414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in International Flavors & Fragrances by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after purchasing an additional 16,590 shares during the period. 96.02% of the stock is currently owned by institutional investors.

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.