JPMorgan Chase & Co. Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $107.00

International Flavors & Fragrances (NYSE:IFF) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $110.00 to $107.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.88% from the stock’s previous close.

Several other research firms also recently commented on IFF. Barclays boosted their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Citigroup upped their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. UBS Group raised their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.80.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $92.34 on Thursday. The business has a 50-day simple moving average of $102.16 and a 200 day simple moving average of $98.09. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of -10.16, a PEG ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.75. International Flavors & Fragrances has a one year low of $69.73 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results 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 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company earned $0.89 earnings per share. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts anticipate 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 purchased a new position in shares of International Flavors & Fragrances in the third quarter valued at $27,000. Family Firm Inc. purchased a new position in International Flavors & Fragrances during the 2nd quarter valued at about $38,000. Larson Financial Group LLC increased its position in shares of International Flavors & Fragrances by 5,050.0% during the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 505 shares during the period. Oakworth Capital Inc. purchased a new stake in shares of International Flavors & Fragrances in the third quarter worth about $44,000. Finally, Eastern Bank purchased a new position in International Flavors & Fragrances during the third quarter valued at approximately $46,000. Hedge funds and other 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.