International Flavors & Fragrances (NYSE:IFF) Upgraded to “Overweight” by JPMorgan Chase & Co.

International Flavors & Fragrances (NYSE:IFF) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $100.00 price objective on the specialty chemicals company’s stock, up from their prior price objective of $75.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 5.92% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company increased their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. UBS Group increased their target price on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Stifel Nicolaus increased their target price on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday. Mizuho increased their target price on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances has a consensus rating of “Hold” and a consensus price target of $89.59.

International Flavors & Fragrances Trading Up 6.5 %

IFF opened at $94.41 on Wednesday. International Flavors & Fragrances has a twelve month low of $62.11 and a twelve month high of $97.49. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $83.24 and a 200-day moving average of $79.30. The stock has a market cap of $24.10 billion, a PE ratio of -9.40, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the company posted $0.87 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts predict that International Flavors & Fragrances will post 3.68 EPS for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its stake in International Flavors & Fragrances by 55.4% in the first quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after purchasing an additional 36,026 shares in the last quarter. Tectonic Advisors LLC increased its stake in International Flavors & Fragrances by 23.1% in the first quarter. Tectonic Advisors LLC now owns 11,104 shares of the specialty chemicals company’s stock valued at $955,000 after acquiring an additional 2,084 shares during the last quarter. SG Americas Securities LLC lifted its stake in International Flavors & Fragrances by 98.6% during the first quarter. SG Americas Securities LLC now owns 34,016 shares of the specialty chemicals company’s stock worth $2,925,000 after purchasing an additional 16,888 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of International Flavors & Fragrances by 29.0% in the 1st quarter. Empowered Funds LLC now owns 3,453 shares of the specialty chemicals company’s stock worth $297,000 after purchasing an additional 776 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of International Flavors & Fragrances during the 1st quarter valued at about $1,115,000. 96.02% of the stock is currently 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.