International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $101.00 by Analysts at Bank of America

International Flavors & Fragrances (NYSE:IFF) had its target price lowered by Bank of America from $105.00 to $101.00 in a report published on Thursday,Benzinga reports. Bank of America currently has a buy rating on the specialty chemicals company’s stock.

IFF has been the topic of a number of other reports. Stifel Nicolaus reduced their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Citigroup reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their price objective on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Thursday. Finally, Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Down 2.1 %

Shares of NYSE:IFF opened at $80.24 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances has a 12 month low of $72.94 and a 12 month high of $106.77. The company has a 50-day moving average price of $84.86 and a 200 day moving average price of $93.55. The company has a market cap of $20.51 billion, a price-to-earnings ratio of 85.36, a PEG ratio of 1.48 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, equities research analysts predict that International Flavors & Fragrances will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp boosted its stake in shares of International Flavors & Fragrances by 7.6% during the fourth quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company’s stock valued at $1,931,000 after purchasing an additional 1,621 shares in the last quarter. Forum Financial Management LP boosted its stake in International Flavors & Fragrances by 58.8% in the fourth quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company’s stock valued at $330,000 after acquiring an additional 1,446 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $415,000. Toronto Dominion Bank boosted its stake in International Flavors & Fragrances by 8.3% in the fourth quarter. Toronto Dominion Bank now owns 136,779 shares of the specialty chemicals company’s stock valued at $11,565,000 after acquiring an additional 10,522 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $1,916,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Company Profile

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.