JPMorgan Chase & Co. Issues Pessimistic Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by JPMorgan Chase & Co. from $107.00 to $104.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 30.13% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. Barclays cut their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Bank of America cut their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research note on Thursday. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Stock Down 0.3 %

International Flavors & Fragrances stock opened at $79.92 on Thursday. The company has a market cap of $20.43 billion, a P/E ratio of 85.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.19. International Flavors & Fragrances has a 1-year low of $72.94 and a 1-year high of $106.77. The company has a fifty day simple moving average of $84.71 and a 200 day simple moving average of $93.45. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Research analysts anticipate that International Flavors & Fragrances will post 4.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dodge & Cox grew its holdings in International Flavors & Fragrances by 11.9% during the 4th 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. Vanguard Group Inc. grew its holdings in International Flavors & Fragrances by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock worth $2,554,996,000 after acquiring an additional 164,945 shares during the last quarter. Freemont Capital Pte Ltd bought a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $2,143,882,000. State Street Corp grew its holdings in International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after acquiring an additional 196,696 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in International Flavors & Fragrances by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock worth $520,032,000 after acquiring an additional 157,948 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

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.