International Flavors & Fragrances (NYSE:IFF) Given New $105.00 Price Target at Stifel Nicolaus

International Flavors & Fragrances (NYSE:IFF) had its price target reduced by Stifel Nicolaus from $113.00 to $105.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other research firms have also recently commented on IFF. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Oppenheimer lowered their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. One equities research 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. According to MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $107.77.

International Flavors & Fragrances Stock Down 0.8 %

Shares of NYSE:IFF opened at $86.44 on Monday. The firm has a market cap of $22.10 billion, a PE ratio of -9.51, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. The company has a fifty day simple moving average of $86.16 and a 200 day simple moving average of $94.72. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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 negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the company earned $0.89 EPS. International Flavors & Fragrances’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research 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 International Flavors & Fragrances stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IFF. Northwest Investment Counselors LLC bought a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances during the third quarter worth approximately $42,000. Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in International Flavors & Fragrances in the third quarter valued at approximately $48,000. Institutional investors own 96.02% of the company’s stock.

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.