International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $99.00 at Bank of America

International Flavors & Fragrances (NYSE:IFF) had its target price increased by stock analysts at Bank of America from $87.00 to $99.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. Bank of America‘s price target would suggest a potential upside of 2.01% from the company’s current price.

A number of other analysts also recently issued reports on IFF. Argus downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley upped their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Robert W. Baird upped their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Mizuho upped their price objective on International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $94.18.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $97.05 on Friday. International Flavors & Fragrances has a one year low of $62.11 and a one year high of $97.48. The company has a market cap of $24.78 billion, a price-to-earnings ratio of -9.67, a PEG ratio of 1.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The business’s 50 day moving average price is $84.15 and its 200 day moving average price is $79.55.

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

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC grew its holdings in shares of International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 300 shares during the period. Riverview Trust Co purchased a new position in International Flavors & Fragrances during the first quarter worth $27,000. Quent Capital LLC increased its position in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 240 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in International Flavors & Fragrances during the fourth quarter worth $41,000. Finally, Fidelis Capital Partners LLC purchased a new position in International Flavors & Fragrances during the first quarter worth $44,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.