Stifel Nicolaus Boosts International Flavors & Fragrances (NYSE:IFF) Price Target to $95.00

International Flavors & Fragrances (NYSE:IFF) had its target price lifted by equities researchers at Stifel Nicolaus from $87.00 to $95.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the specialty chemicals company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.15% from the company’s previous close.

Several other research firms have also recently issued reports on IFF. Mizuho boosted their target price on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday. UBS Group lifted their price target on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Morgan Stanley raised their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Argus downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Finally, Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their price target for the company from $81.00 to $100.00 in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $87.65.

International Flavors & Fragrances Stock Up 2.3 %

IFF stock opened at $88.66 on Tuesday. The company has a market capitalization of $22.64 billion, a P/E ratio of -8.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances has a 12 month low of $62.11 and a 12 month high of $97.49. The firm’s fifty day simple moving average is $82.84 and its 200-day simple moving average is $79.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.

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

Institutional Trading of International Flavors & Fragrances

Large investors have recently added to or reduced their stakes in the stock. Winder Pte. Ltd. purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $1,728,544,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $95,612,000. Van ECK Associates Corp raised its position in shares of International Flavors & Fragrances by 34.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock valued at $267,711,000 after buying an additional 996,629 shares during the period. Norges Bank acquired a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $79,812,000. Finally, Nomura Holdings Inc. increased its stake 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 during the last quarter. 96.02% 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 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.