By otakuyassine3@gmail.com 
International Flavors & Fragrances (NYSE:IFF – Get Free Report) had its price target reduced by research analysts at Citigroup from $110.00 to $105.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target indicates a potential upside of 21.02% from the company’s previous close.
A number of other brokerages have also recently weighed in on IFF. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. UBS Group upped their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Oppenheimer upped their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. Finally, Barclays upped their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $110.21.
International Flavors & Fragrances Trading Down 0.0 %
Shares of NYSE IFF traded down $0.01 during midday trading on Wednesday, hitting $86.76. 113,186 shares of the company traded hands, compared to its average volume of 1,649,889. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The stock has a 50-day moving average price of $94.61 and a 200 day moving average price of $97.50. The firm has a market cap of $22.18 billion, a P/E ratio of -9.54, a P/E/G ratio of 1.55 and a beta of 1.17.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. As a group, analysts expect that International Flavors & Fragrances will post 4.16 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in IFF. Albar Capital Ltd raised its holdings in International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after purchasing an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in International Flavors & Fragrances by 70.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after buying an additional 293,760 shares during the last quarter. Smith Group Asset Management LLC purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at $22,399,000. Point72 Europe London LLP grew its position in International Flavors & Fragrances by 50.0% in the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock valued at $59,736,000 after buying an additional 209,098 shares during the last quarter. Finally, State Street Corp grew its position in International Flavors & Fragrances by 1.9% in the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after buying an additional 196,696 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.
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.
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