International Flavors & Fragrances (NYSE:IFF) Given New $101.00 Price Target at Bank of America

International Flavors & Fragrances (NYSE:IFF) had its price objective dropped by equities researchers at Bank of America from $105.00 to $101.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Bank of America‘s target price points to a potential upside of 26.37% from the stock’s current price.

IFF has been the topic of a number of other reports. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Thursday. Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $79.92 on Thursday. The firm has a market cap of $20.43 billion, a PE ratio of 85.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.19. The firm’s 50 day simple moving average is $84.71 and its 200-day simple moving average is $93.45. International Flavors & Fragrances has a one year low of $72.94 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, equities analysts predict that International Flavors & Fragrances will post 4.35 EPS for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Advisors Network LLC grew its holdings in International Flavors & Fragrances by 1.9% in the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after purchasing an additional 107 shares during the last quarter. UMB Bank n.a. grew its holdings in International Flavors & Fragrances by 8.9% in the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares during the last quarter. Huntington National Bank lifted its stake in shares of International Flavors & Fragrances by 3.1% during the third quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock worth $430,000 after buying an additional 124 shares during the period. Arete Wealth Advisors LLC lifted its stake in shares of International Flavors & Fragrances by 4.2% during the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after buying an additional 124 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after buying an additional 129 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

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.