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

International Flavors & Fragrances (NYSE:IFF) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $110.00 to $107.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.88% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Citigroup lifted their price target 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. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Stifel Nicolaus upped their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Oppenheimer raised their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, UBS Group upped their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $108.80.

International Flavors & Fragrances Stock Up 1.5 %

Shares of IFF opened at $92.34 on Thursday. The firm has a market cap of $23.61 billion, a P/E ratio of -10.16, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.62. International Flavors & Fragrances has a 52 week low of $69.73 and a 52 week high of $106.77. The firm’s 50-day simple moving average is $102.16 and its 200 day simple moving average is $98.09.

International Flavors & Fragrances (NYSE:IFF) last announced 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 the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $0.89 EPS. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts forecast that International Flavors & Fragrances will post 4.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IFF. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Family Firm Inc. bought a new stake in International Flavors & Fragrances during the second quarter valued at $38,000. Larson Financial Group LLC grew its holdings in 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 acquiring an additional 505 shares during the period. Oakworth Capital Inc. bought a new position in shares of International Flavors & Fragrances in the 3rd quarter worth about $44,000. Finally, Eastern Bank acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at about $46,000. 96.02% of the stock is owned by institutional investors.

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.