International Flavors & Fragrances (NYSE:IFF) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $140.00 to $150.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.81% from the company’s current price.
IFF has been the subject of several other reports. Berenberg Bank downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and decreased their price objective for the company from $155.00 to $133.00 in a report on Thursday, August 8th. Wells Fargo & Co upped their price target on shares of International Flavors & Fragrances from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, November 6th. KeyCorp reduced their price target on shares of International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research note on Thursday, November 7th. Finally, UBS Group dropped their price objective on shares of International Flavors & Fragrances from $171.00 to $163.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. International Flavors & Fragrances currently has a consensus rating of “Hold” and an average price target of $144.80.
Shares of IFF stock opened at $141.77 on Friday. The stock’s 50-day moving average is $130.41 and its two-hundred day moving average is $130.94. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 22.57 and a beta of 0.88. International Flavors & Fragrances has a 1 year low of $104.86 and a 1 year high of $152.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 2.05.
In other news, insider Nicolas Mirzayantz sold 929 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $118.96, for a total value of $110,513.84. Following the completion of the sale, the insider now directly owns 33,536 shares of the company’s stock, valued at approximately $3,989,442.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 2,781 shares of company stock valued at $350,815. Company insiders own 0.39% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Dundas Partners LLP increased its holdings in International Flavors & Fragrances by 1.3% during the 2nd quarter. Dundas Partners LLP now owns 77,775 shares of the specialty chemicals company’s stock valued at $11,283,000 after acquiring an additional 1,025 shares in the last quarter. Hikari Power Ltd purchased a new position in International Flavors & Fragrances in the second quarter valued at approximately $474,000. Daiwa Securities Group Inc. raised its holdings in International Flavors & Fragrances by 24.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,096 shares of the specialty chemicals company’s stock valued at $594,000 after buying an additional 809 shares during the period. Voya Financial Advisors Inc. lifted its position in International Flavors & Fragrances by 9.9% during the third quarter. Voya Financial Advisors Inc. now owns 2,942 shares of the specialty chemicals company’s stock valued at $355,000 after buying an additional 266 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC lifted its position in International Flavors & Fragrances by 4.3% during the second quarter. Alpine Woods Capital Investors LLC now owns 25,284 shares of the specialty chemicals company’s stock valued at $3,668,000 after buying an additional 1,044 shares in the last quarter. 94.24% of the stock is currently owned by hedge funds and other institutional investors.
International Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.
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