Citigroup Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $105.00

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price target lowered by analysts at Citigroup from $110.00 to $105.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the specialty chemicals company's stock. Citigroup's price objective would suggest a potential upside of 23.01% from the stock's previous close.

A number of other brokerages have also recently commented on IFF. Bank of America raised International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target on the stock in a research report on Friday, November 8th. Oppenheimer boosted their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Barclays raised their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an "equal weight" rating in a report on Friday, October 11th. JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $110.21.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded down $1.41 during midday trading on Wednesday, reaching $85.36. The company's stock had a trading volume of 1,312,242 shares, compared to its average volume of 1,654,890. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The stock has a market capitalization of $21.83 billion, a P/E ratio of -9.39, a PEG ratio of 1.55 and a beta of 1.17. The firm has a 50 day moving average price of $94.28 and a 200-day moving average price of $97.41. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations 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 company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances will post 4.16 earnings per share for the current year.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IFF. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances in the 3rd quarter worth $27,000. Family Firm Inc. bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at about $38,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at about $42,000. Oakworth Capital Inc. bought a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $44,000. Finally, Eastern Bank purchased a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $46,000. 96.02% of the stock is owned by hedge funds and other 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.