Stifel Nicolaus Issues Pessimistic Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective lowered by analysts at Stifel Nicolaus from $113.00 to $105.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 22.50% from the company’s current price.

A number of other research firms also recently issued reports on IFF. Citigroup dropped their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Oppenheimer reduced their price objective on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Thursday, November 7th. Finally, Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.77.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $85.72 on Monday. The firm has a fifty day simple moving average of $86.05 and a two-hundred day simple moving average of $94.65. The firm has a market cap of $21.92 billion, a PE ratio of -9.43, a P/E/G ratio of 1.54 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. 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 posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. On average, equities analysts anticipate that International Flavors & Fragrances will post 4.15 EPS for the current year.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of hedge funds have recently made changes to their positions in IFF. Pictet North America Advisors SA lifted its position in shares of International Flavors & Fragrances by 3.1% during the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock valued at $344,000 after buying an additional 99 shares during the last quarter. Integrated Advisors Network LLC lifted its position in International Flavors & Fragrances by 1.9% during the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after acquiring an additional 107 shares during the last quarter. CWM LLC boosted its stake in International Flavors & Fragrances by 1.7% in the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after acquiring an additional 109 shares in 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. Finally, Orca Investment Management LLC lifted its holdings in shares of International Flavors & Fragrances by 0.6% during the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock valued at $2,231,000 after purchasing an additional 122 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other 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.