Stifel Nicolaus Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $105.00

International Flavors & Fragrances (NYSE:IFF) had its price objective dropped by equities research analysts at Stifel Nicolaus from $113.00 to $105.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 21.01% from the company’s current price.

A number of other research analysts have also weighed in on IFF. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 7th. Oppenheimer cut their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $107.77.

International Flavors & Fragrances Price Performance

IFF traded down $0.32 during trading on Monday, reaching $86.77. 248,562 shares of the company traded hands, compared to its average volume of 1,300,627. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month high of $106.77. The firm has a fifty day simple moving average of $86.24 and a 200 day simple moving average of $94.79. The company has a market cap of $22.19 billion, a P/E ratio of -9.56, a PEG ratio of 1.54 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $0.89 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that International Flavors & Fragrances will post 4.15 EPS for the current year.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $44,000. Eastern Bank bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $48,000. 96.02% of the stock is currently owned by institutional investors.

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.