UBS Group Raises International Flavors & Fragrances (NYSE:IFF) Price Target to $111.00

International Flavors & Fragrances (NYSE:IFF) had its price objective upped by research analysts at UBS Group from $108.00 to $111.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price points to a potential upside of 26.44% from the stock’s current price.

A number of other analysts have also recently weighed in on IFF. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Stifel Nicolaus boosted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer boosted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Citigroup upped their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.43.

International Flavors & Fragrances Stock Performance

Shares of IFF stock traded down $11.31 on Wednesday, hitting $87.79. 3,596,080 shares of the stock were exchanged, compared to its average volume of 1,655,304. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $22.44 billion, a PE ratio of -9.61, a P/E/G ratio of 1.76 and a beta of 1.22. International Flavors & Fragrances has a one year low of $69.73 and a one year high of $106.77. The firm’s 50 day moving average is $102.93 and its two-hundred day moving average is $98.17.

International Flavors & Fragrances (NYSE:IFF) last issued 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). International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. International Flavors & Fragrances’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that International Flavors & Fragrances will post 4.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Large investors have recently modified their holdings of the business. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at about $27,000. Family Firm Inc. bought a new stake in International Flavors & Fragrances in the second quarter worth about $38,000. Fidelis Capital Partners LLC bought a new stake in International Flavors & Fragrances in the first quarter worth about $44,000. Larson Financial Group LLC raised its position in International Flavors & Fragrances by 5,050.0% in the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 505 shares during the period. Finally, Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $44,000. 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.