International Flavors & Fragrances (NYSE:IFF) Stock Price Expected to Rise, UBS Group Analyst Says

International Flavors & Fragrances (NYSE:IFFGet Free Report) had its price target raised by equities research analysts at UBS Group from $108.00 to $111.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price indicates a potential upside of 26.44% from the stock’s previous close.

A number of other research firms have also recently commented on IFF. Oppenheimer lifted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Citigroup boosted their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Stifel Nicolaus boosted their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.43.

Get Our Latest Report on IFF

International Flavors & Fragrances Stock Down 11.4 %

Shares of IFF traded down $11.31 during mid-day trading on Wednesday, hitting $87.79. 3,596,080 shares of the company’s stock were exchanged, compared to its average volume of 1,655,304. The company has a market cap 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 52 week low of $69.73 and a 52 week high of $106.77. The company has a 50-day simple moving average of $102.93 and a 200 day simple moving average of $98.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period 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. On average, research analysts forecast that International Flavors & Fragrances will post 4.24 earnings per share for the current fiscal year.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently added to or reduced their stakes in IFF. Northwest Investment Counselors LLC bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $38,000. Fidelis Capital Partners LLC bought a new position in shares of International Flavors & Fragrances during the 1st quarter worth approximately $44,000. Larson Financial Group LLC boosted its holdings in shares of International Flavors & Fragrances by 5,050.0% during the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 505 shares in the last quarter. Finally, Oakworth Capital Inc. bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $44,000. 96.02% of the stock is currently owned by institutional investors.

About International Flavors & Fragrances

(Get Free Report)

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.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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