International Flavors & Fragrances (NYSE:IFF) PT Raised to $103.00

International Flavors & Fragrances (NYSE:IFF) had its price objective increased by research analysts at Morgan Stanley from $100.00 to $103.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price target points to a potential upside of 8.40% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Citigroup boosted their target price on International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company boosted their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Oppenheimer began coverage on International Flavors & Fragrances in a research note on Friday, June 7th. They issued an “outperform” rating and a $116.00 target price on the stock. Finally, JPMorgan Chase & Co. raised International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and upped their target price for the company from $75.00 to $100.00 in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $95.78.

International Flavors & Fragrances Stock Up 0.3 %

NYSE:IFF traded up $0.28 during midday trading on Wednesday, reaching $95.02. The company had a trading volume of 566,861 shares, compared to its average volume of 1,957,022. The firm has a market capitalization of $24.26 billion, a price-to-earnings ratio of -9.73, a PEG ratio of 1.88 and a beta of 1.26. The stock’s fifty day simple moving average is $94.40 and its 200-day simple moving average is $85.85. International Flavors & Fragrances has a 12-month low of $62.11 and a 12-month high of $99.91. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. International Flavors & Fragrances’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS. On average, sell-side analysts anticipate that International Flavors & Fragrances will post 3.97 earnings per share for the current fiscal year.

Insider Activity at International Flavors & Fragrances

In related news, insider Angela Strzelecki sold 2,588 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the sale, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its position in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 300 shares during the last quarter. Riverview Trust Co bought a new position in shares of International Flavors & Fragrances during the first quarter worth about $27,000. Quent Capital LLC lifted its position in shares of International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $41,000. Finally, Principal Securities Inc. bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $43,000. 96.02% of the stock is 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.