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

International Flavors & Fragrances (NYSE:IFF) had its target price reduced by research analysts at Oppenheimer from $104.00 to $89.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s target price would indicate a potential upside of 20.36% from the company’s previous close.

Several other equities analysts have also weighed in on IFF. Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. 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. Barclays lowered their price objective on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.54.

International Flavors & Fragrances Trading Up 1.7 %

IFF stock traded up $1.24 on Tuesday, hitting $73.95. 128,967 shares of the company were exchanged, compared to its average volume of 1,525,500. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 78.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The business’s fifty day moving average is $77.94 and its two-hundred day moving average is $86.06. International Flavors & Fragrances has a twelve month low of $65.85 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly 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. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, research analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the transaction, the director now directly owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in International Flavors & Fragrances in the third quarter worth about $406,000. Tidal Investments LLC increased its stake in shares of International Flavors & Fragrances by 9.3% during the third quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock valued at $924,000 after acquiring an additional 750 shares during the period. Principal Financial Group Inc. boosted its stake in International Flavors & Fragrances by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock valued at $49,388,000 after purchasing an additional 9,555 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of International Flavors & Fragrances by 46.8% in the 4th quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 332 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in International Flavors & Fragrances by 8.2% during the fourth quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company’s stock worth $896,000 after acquiring an additional 800 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.