International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $140.00 by Analysts at JPMorgan Chase & Co.

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by JPMorgan Chase & Co. from $125.00 to $140.00 in a research note issued to investors on Wednesday, The Fly reports.

Several other equities analysts also recently issued reports on IFF. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a sell rating to a hold rating and set a $151.00 price objective on the stock in a report on Monday, August 5th. Citigroup cut their price objective on shares of International Flavors & Fragrances from $129.00 to $126.00 and set a neutral rating on the stock in a report on Wednesday, October 9th. Stifel Nicolaus set a $120.00 price objective on shares of International Flavors & Fragrances and gave the company a hold rating in a report on Wednesday, August 7th. KeyCorp cut their price objective on shares of International Flavors & Fragrances from $160.00 to $150.00 and set an overweight rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Co upped their price objective on shares of International Flavors & Fragrances from $125.00 to $135.00 and gave the company a market perform rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. International Flavors & Fragrances has an average rating of Hold and an average price target of $141.36.

Shares of IFF traded down $0.61 during mid-day trading on Wednesday, hitting $132.81. 657,162 shares of the company traded hands, compared to its average volume of 1,017,603. International Flavors & Fragrances has a 1-year low of $104.86 and a 1-year high of $152.95. The company has a quick ratio of 1.59, a current ratio of 2.05 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $14.36 billion, a PE ratio of 21.15 and a beta of 0.83. The business has a 50 day moving average of $120.75 and a 200 day moving average of $130.80.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company earned $1.64 EPS. The business’s revenue was up 39.7% compared to the same quarter last year. As a group, research analysts expect that International Flavors & Fragrances will post 6.18 EPS for the current fiscal year.

In related news, insider Nicolas Mirzayantz sold 929 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $110.62, for a total value of $102,765.98. Following the sale, the insider now owns 35,393 shares in the company, valued at $3,915,173.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 2,786 shares of company stock worth $330,449. 0.39% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of IFF. Nuveen Asset Management LLC purchased a new stake in International Flavors & Fragrances in the 2nd quarter worth approximately $202,581,000. Bank of New York Mellon Corp boosted its position in International Flavors & Fragrances by 43.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,685,399 shares of the specialty chemicals company’s stock worth $244,534,000 after purchasing an additional 512,851 shares in the last quarter. Bank of America Corp DE boosted its position in International Flavors & Fragrances by 114.9% in the 2nd quarter. Bank of America Corp DE now owns 697,310 shares of the specialty chemicals company’s stock worth $101,172,000 after purchasing an additional 372,778 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its position in International Flavors & Fragrances by 212.3% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 535,000 shares of the specialty chemicals company’s stock worth $77,623,000 after purchasing an additional 363,704 shares in the last quarter. Finally, Haverford Trust Co. purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth approximately $38,956,000. Hedge funds and other institutional investors own 93.69% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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