International Flavors & Fragrances (NYSE:IFF) Stock Rating Upgraded by Bank of America

International Flavors & Fragrances (NYSE:IFF) was upgraded by equities researchers at Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm presently has a $107.00 price objective on the specialty chemicals company’s stock. Bank of America‘s price objective would suggest a potential upside of 15.95% from the stock’s current price.

IFF has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price target for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. JPMorgan Chase & Co. cut their price target 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. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Citigroup raised their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $108.80.

International Flavors & Fragrances Trading Up 1.5 %

Shares of IFF opened at $92.28 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.62. International Flavors & Fragrances has a fifty-two week low of $69.73 and a fifty-two week high of $106.77. The firm has a 50 day moving average price of $102.16 and a 200-day moving average price of $98.18. The firm has a market cap of $23.59 billion, a price-to-earnings ratio of -10.15, a PEG ratio of 1.56 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that International Flavors & Fragrances will post 4.24 earnings per share for the current year.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently made changes to their positions in the stock. Ilex Capital Partners UK LLP boosted its holdings in International Flavors & Fragrances by 344.5% in the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after acquiring an additional 656,820 shares in the last quarter. Albar Capital Ltd boosted its stake in International Flavors & Fragrances by 73.5% in the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after purchasing an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in International Flavors & Fragrances by 70.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after purchasing an additional 293,760 shares during the last quarter. Swedbank AB bought a new stake in International Flavors & Fragrances during the 1st quarter valued at about $19,945,000. Finally, Smith Group Asset Management LLC purchased a new position in International Flavors & Fragrances in the third quarter worth about $22,399,000. 96.02% of the stock is owned by institutional investors.

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.