International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $110.00 at JPMorgan Chase & Co.

International Flavors & Fragrances (NYSE:IFF) had its price objective lifted by JPMorgan Chase & Co. from $102.00 to $110.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 7.58% from the company’s current price.

A number of other research analysts also recently weighed in on IFF. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $109.00 to $120.00 in a report on Tuesday. Oppenheimer initiated coverage on International Flavors & Fragrances in a report on Friday, June 7th. They issued an “outperform” rating and a $116.00 price objective for the company. Bank of America boosted their target price on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Wells Fargo & Company increased their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, UBS Group dropped their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $103.80.

International Flavors & Fragrances Trading Down 0.4 %

Shares of International Flavors & Fragrances stock traded down $0.42 during midday trading on Friday, reaching $102.25. 554,522 shares of the company’s stock traded hands, compared to its average volume of 1,765,255. The stock has a 50 day moving average of $98.17 and a 200-day moving average of $91.63. International Flavors & Fragrances has a 12 month low of $62.28 and a 12 month high of $105.30. The company has a market cap of $26.11 billion, a PE ratio of -10.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the company posted $0.86 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that International Flavors & Fragrances will post 4.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the sale, the insider now owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at about $27,000. Quent Capital LLC increased its holdings in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 240 shares during the last quarter. Family Firm Inc. bought a new position in International Flavors & Fragrances in the second quarter worth approximately $38,000. Principal Securities Inc. purchased a new position in shares of International Flavors & Fragrances during the 4th quarter worth $43,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at $44,000. 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.