Oppenheimer Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $104.00

International Flavors & Fragrances (NYSE:IFF) had its price objective cut by Oppenheimer from $114.00 to $104.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

IFF has been the subject of a number of other research reports. Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Citigroup decreased their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Barclays decreased 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 report on Friday, January 17th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday. 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 stock. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $79.92 on Thursday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The firm has a 50-day simple moving average of $84.71 and a 200 day simple moving average of $93.43. The company 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.

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

Institutional Trading of International Flavors & Fragrances

Several institutional investors and hedge funds have recently added to or reduced their stakes in IFF. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $34,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances during the third quarter valued at approximately $42,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $42,000. Finally, Eastern Bank purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $46,000. 96.02% of the stock is owned by institutional investors and hedge funds.

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.