International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $71.00 at UBS Group

International Flavors & Fragrances (NYSE:IFF) had its target price upped by equities research analysts at UBS Group from $68.00 to $71.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price objective would indicate a potential upside of 2.99% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Morgan Stanley decreased their price objective on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, September 22nd. BNP Paribas dropped their target price on shares of International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Citigroup reduced their price target on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Finally, Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $85.19.

International Flavors & Fragrances Trading Down 0.2%

NYSE IFF traded down $0.16 during trading on Monday, hitting $68.94. 1,357,857 shares of the company’s stock traded hands, compared to its average volume of 1,595,056. The firm has a market cap of $17.66 billion, a P/E ratio of -42.55, a PEG ratio of 2.59 and a beta of 1.04. The stock has a fifty day moving average of $66.21 and a two-hundred day moving average of $67.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $88.09.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the business posted $1.04 EPS. International Flavors & Fragrances’s quarterly revenue was down 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that International Flavors & Fragrances will post 4.32 EPS for the current year.

Institutional Investors Weigh In On International Flavors & Fragrances

Several hedge funds have recently made changes to their positions in IFF. True Wealth Design LLC increased its stake in International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares in the last quarter. American National Bank & Trust grew its holdings in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 479 shares during the last quarter. Elkhorn Partners Limited Partnership increased its position in shares of International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the last quarter. Finally, Eastern Bank lifted its position in International Flavors & Fragrances by 43.9% in the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 193 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.