International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $89.00 at BNP Paribas Exane

International Flavors & Fragrances (NYSE:IFF) had its price target reduced by investment analysts at BNP Paribas Exane from $91.00 to $89.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. BNP Paribas Exane’s price target suggests a potential upside of 25.82% from the stock’s current price.

A number of other equities analysts also recently weighed in on IFF. UBS Group boosted their price target on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Monday. Barclays raised their price target on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Morgan Stanley decreased their target price on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 22nd. Argus dropped their price objective on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Berenberg Bank lowered their target price on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a report on Monday, September 29th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.49.

International Flavors & Fragrances Stock Up 0.8%

Shares of IFF traded up $0.56 during trading hours on Tuesday, reaching $70.74. 1,164,678 shares of the stock traded hands, compared to its average volume of 1,515,498. International Flavors & Fragrances has a 52 week low of $59.14 and a 52 week high of $88.09. The company has a market cap of $18.12 billion, a price-to-earnings ratio of -43.66, a PEG ratio of 2.61 and a beta of 1.04. The stock has a fifty day simple moving average of $66.63 and a 200 day simple moving average of $66.97. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. On average, equities analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

Institutional Trading of International Flavors & Fragrances

A number of hedge funds have recently modified their holdings of IFF. Blue Trust Inc. increased its stake in shares of International Flavors & Fragrances by 7.6% during the second quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock valued at $161,000 after purchasing an additional 155 shares in the last quarter. Rafferty Asset Management LLC grew its position in International Flavors & Fragrances by 0.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock worth $1,344,000 after purchasing an additional 158 shares during the period. Clearstead Advisors LLC increased its position in shares of International Flavors & Fragrances by 6.1% during the 3rd quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock valued at $186,000 after purchasing an additional 173 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of International Flavors & Fragrances by 17.3% during the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after acquiring an additional 190 shares during the last quarter. Finally, Eastern Bank grew its holdings in International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 193 shares during the period. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.