Oppenheimer Raises International Flavors & Fragrances (NYSE:IFF) Price Target to $90.00

International Flavors & Fragrances (NYSE:IFF) had its price objective lifted by analysts at Oppenheimer from $88.00 to $90.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s price target would indicate a potential upside of 12.75% from the stock’s current price.

A number of other brokerages also recently commented on IFF. Bank of America increased their price objective on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Berenberg Bank decreased their price target on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. BNP Paribas Exane cut their target price on International Flavors & Fragrances from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Barclays cut their price objective on shares of International Flavors & Fragrances from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Finally, Argus lifted their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.18.

International Flavors & Fragrances Stock Performance

IFF stock traded down $3.11 during trading on Thursday, hitting $79.82. 118,054 shares of the company traded hands, compared to its average volume of 1,734,937. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $84.45. The stock’s 50-day simple moving average is $72.79 and its 200 day simple moving average is $70.28. The company has a market cap of $20.39 billion, a PE ratio of 24.43, a P/E/G ratio of 1.91 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a return on equity of 7.63% and a net margin of 7.78%.The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts expect that International Flavors & Fragrances will post 4.42 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Paul J. Fribourg bought 142,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was acquired at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the acquisition, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors have recently bought and sold shares of the business. Lloyd Advisory Services LLC. acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $27,000. Root Financial Partners LLC boosted its position in International Flavors & Fragrances by 97.9% during the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 274 shares during the period. Geneos Wealth Management Inc. increased its holdings in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of International Flavors & Fragrances by 42.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 239 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.