International Flavors & Fragrances (NYSE:IFF) Given New $114.00 Price Target at Oppenheimer

International Flavors & Fragrances (NYSE:IFF) had its target price decreased by Oppenheimer from $117.00 to $114.00 in a research note released on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the specialty chemicals company’s stock.

A number of other research firms also recently weighed in on IFF. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Barclays lowered their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.00.

International Flavors & Fragrances Stock Down 1.2 %

IFF stock opened at $86.58 on Tuesday. The company’s 50 day moving average is $86.42 and its 200 day moving average is $95.01. The stock has a market cap of $22.14 billion, a price-to-earnings ratio of -9.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances has a 1-year low of $72.94 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the company earned $0.89 EPS. International Flavors & Fragrances’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts predict that International Flavors & Fragrances will post 4.15 EPS for the current fiscal year.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of large investors have recently modified their holdings of IFF. Public Sector Pension Investment Board lifted its holdings in International Flavors & Fragrances by 69.5% in the second quarter. Public Sector Pension Investment Board now owns 9,794 shares of the specialty chemicals company’s stock worth $932,000 after buying an additional 4,015 shares during the period. AQR Capital Management LLC lifted its stake in shares of International Flavors & Fragrances by 174.4% in the 2nd quarter. AQR Capital Management LLC now owns 97,577 shares of the specialty chemicals company’s stock valued at $9,290,000 after purchasing an additional 62,017 shares during the period. Creative Planning boosted its position in shares of International Flavors & Fragrances by 10.2% during the second quarter. Creative Planning now owns 50,794 shares of the specialty chemicals company’s stock valued at $4,836,000 after purchasing an additional 4,722 shares in the last quarter. Quarry LP grew its stake in International Flavors & Fragrances by 1,522.5% in the second quarter. Quarry LP now owns 649 shares of the specialty chemicals company’s stock worth $62,000 after purchasing an additional 609 shares during the period. Finally, Brandes Investment Partners LP raised its holdings in International Flavors & Fragrances by 2.9% in the second quarter. Brandes Investment Partners LP now owns 47,265 shares of the specialty chemicals company’s stock worth $4,502,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.