JPMorgan Chase & Co. Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $104.00

International Flavors & Fragrances (NYSE:IFF) had its price objective cut by JPMorgan Chase & Co. from $107.00 to $104.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Several other equities research analysts also recently weighed in on IFF. Citigroup decreased their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research report on Thursday. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Bank of America cut their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus dropped their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Trading Down 0.3 %

IFF opened at $79.92 on Thursday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77. The business’s 50 day moving average is $84.71 and its two-hundred day moving average is $93.43. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of 85.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, research analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Freemont Capital Pte Ltd purchased a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $2,143,882,000. Norges Bank purchased a new position in International Flavors & Fragrances during the 4th quarter valued at about $452,363,000. Dodge & Cox raised its position in International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after acquiring an additional 3,355,381 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after purchasing an additional 1,121,414 shares during the last quarter. 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.