JPMorgan Chase & Co. Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $104.00

International Flavors & Fragrances (NYSE:IFF - Free Report) had its target price cut by JPMorgan Chase & Co. from $107.00 to $104.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the specialty chemicals company's stock.

Several other research firms have also recently weighed in on IFF. Citigroup lowered their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company lowered their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday. Bank of America cut their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a research note on Thursday. Finally, Barclays cut their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.50.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock traded down $0.22 during trading on Thursday, hitting $79.92. 1,571,210 shares of the company's stock traded hands, compared to its average volume of 1,501,512. International Flavors & Fragrances has a 1 year low of $72.94 and a 1 year high of $106.77. The business has a 50-day simple moving average of $84.71 and a 200-day simple moving average of $93.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The stock has a market capitalization of $20.43 billion, a P/E ratio of 85.02, a PEG ratio of 1.48 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, analysts forecast that International Flavors & Fragrances will post 4.35 EPS for the current year.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of hedge funds have recently made changes to their positions in IFF. SBI Securities Co. Ltd. bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Point72 Hong Kong Ltd purchased a new position in shares of International Flavors & Fragrances in the third quarter worth $42,000. Fairway Wealth LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth $34,000. Eastern Bank purchased a new position in International Flavors & Fragrances during the third quarter valued at $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth $48,000. Institutional investors own 96.02% of the company's stock.

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.