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

International Flavors & Fragrances (NYSE:IFF) had its price objective dropped by investment analysts at Oppenheimer from $117.00 to $114.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s price target would suggest a potential upside of 30.32% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays reduced their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Bank of America upgraded 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 research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.00.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $87.48 on Tuesday. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $86.46 and its two-hundred day moving average price is $95.09. The stock has a market cap of $22.37 billion, a PE ratio of -9.62, a price-to-earnings-growth ratio of 1.51 and a beta of 1.18.

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). The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. As a group, sell-side analysts anticipate that International Flavors & Fragrances will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of large investors have recently bought and sold shares of the business. Nordea Investment Management AB increased its stake in shares of International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after buying an additional 1,121,414 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of International Flavors & Fragrances by 70.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock worth $74,299,000 after purchasing an additional 293,760 shares during the period. Smith Group Asset Management LLC acquired a new position in International Flavors & Fragrances in the third quarter valued at about $22,399,000. State Street Corp increased its stake in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after acquiring an additional 196,696 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $19,813,000. 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.