Oppenheimer Issues Pessimistic Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by equities research analysts at Oppenheimer from $114.00 to $104.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s price target indicates a potential upside of 30.55% from the stock’s previous close.

Several other research firms have also recently weighed in on IFF. Citigroup dropped their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Cfra downgraded 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, Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF traded down $2.32 during mid-day trading on Thursday, reaching $79.67. The company had a trading volume of 906,752 shares, compared to its average volume of 1,445,931. 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 one year low of $72.94 and a one year high of $106.77. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 84.88, a PEG ratio of 1.56 and a beta of 1.19. The business’s 50-day simple moving average is $85.02 and its 200 day simple moving average is $93.64.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.64% and a net margin of 2.12%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts predict that International Flavors & Fragrances will post 4.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Point72 Hong Kong Ltd bought a new stake in International Flavors & Fragrances in the third quarter worth approximately $42,000. Fairway Wealth LLC bought a new stake in shares of International Flavors & Fragrances during the 4th quarter worth $34,000. Eastern Bank bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $46,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $48,000. 96.02% of the stock is owned by institutional investors and hedge funds.

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.