JPMorgan Chase & Co. Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price target trimmed by JPMorgan Chase & Co. from $107.00 to $104.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

Other equities analysts have also issued research reports about the stock. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. Wells Fargo & Company reduced their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. Bank of America cut their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average target price of $103.50.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $79.92 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The firm has a market cap of $20.43 billion, a PE ratio of 85.02, a P/E/G ratio of 1.45 and a beta of 1.19. The firm has a 50 day simple moving average of $84.71 and a 200-day simple moving average of $93.43. International Flavors & Fragrances has a 1-year low of $72.94 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, equities analysts expect that International Flavors & Fragrances will post 4.32 EPS for the current year.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of hedge funds have recently bought and sold shares of IFF. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock valued at $2,658,063,000 after purchasing an additional 3,355,381 shares in the last quarter. Vanguard Group Inc. raised its holdings in International Flavors & Fragrances by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock valued at $2,554,996,000 after acquiring an additional 164,945 shares in the last quarter. Freemont Capital Pte Ltd bought a new position in International Flavors & Fragrances during the 4th quarter valued at $2,143,882,000. State Street Corp increased its position in shares of International Flavors & Fragrances by 1.9% in 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 purchasing an additional 196,696 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of International Flavors & Fragrances by 2.6% in 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 purchasing an additional 157,948 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.