International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $98.00

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by stock analysts at Mizuho from $91.00 to $98.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s price objective points to a potential upside of 10.53% from the company’s current price.

IFF has been the topic of several other research reports. Barclays upgraded shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 18th. Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, February 21st. Wells Fargo & Company raised their target price on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Wolfe Research assumed coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. Finally, StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.76.

International Flavors & Fragrances Stock Up 2.3 %

Shares of NYSE:IFF opened at $88.66 on Tuesday. International Flavors & Fragrances has a 52 week low of $62.11 and a 52 week high of $97.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The company has a market cap of $22.64 billion, a PE ratio of -8.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The firm has a 50 day simple moving average of $82.84 and a 200 day simple moving average of $79.10.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts expect that International Flavors & Fragrances will post 3.68 earnings per share for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently made changes to their positions in IFF. Winder Pte. Ltd. bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $1,728,544,000. Fort Washington Investment Advisors Inc. OH bought a new position in International Flavors & Fragrances in the third quarter valued at approximately $95,612,000. Van ECK Associates Corp raised its position in International Flavors & Fragrances by 34.0% during the third quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock worth $267,711,000 after acquiring an additional 996,629 shares in the last quarter. Norges Bank bought a new stake in International Flavors & Fragrances during the fourth quarter worth $79,812,000. Finally, Nomura Holdings Inc. raised its position in International Flavors & Fragrances by 139.3% during the fourth quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after acquiring an additional 798,946 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.