Bank of America Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF - Get Free Report) had its price objective dropped by investment analysts at Bank of America from $105.00 to $101.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the specialty chemicals company's stock. Bank of America's price objective points to a potential upside of 26.37% from the company's current price.

Several other research analysts have also recently commented on IFF. Oppenheimer cut their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 28th. Vertical Research upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price target on the stock in a research note on Thursday, November 7th. Wells Fargo & Company cut their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday. Citigroup cut their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. Finally, Barclays lowered their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.50.

International Flavors & Fragrances Stock Down 0.3 %

Shares of IFF traded down $0.22 during midday trading on Thursday, reaching $79.92. 1,571,210 shares of the company were exchanged, compared to its average volume of 1,501,512. The stock has a 50-day moving average price of $84.71 and a 200-day moving average price of $93.45. The company has a market cap of $20.43 billion, a price-to-earnings ratio of 85.02, a P/E/G ratio of 1.48 and a beta of 1.19. International Flavors & Fragrances has a 1-year low of $72.94 and a 1-year high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Research analysts expect that International Flavors & Fragrances will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $32,000. Fairway Wealth LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $34,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances during the third quarter valued at approximately $42,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $42,000. Finally, Eastern Bank bought a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $46,000. 96.02% of the stock is owned by institutional investors.

About International Flavors & Fragrances

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.