International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $104.00 at Oppenheimer

International Flavors & Fragrances (NYSE:IFF - Free Report) had its price objective trimmed by Oppenheimer from $114.00 to $104.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company's stock.

A number of other equities analysts have also recently issued reports on the company. Argus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Vertical Research upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 price objective for the company in a research note on Thursday, November 7th. Bank of America cut their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Citigroup cut their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.50.

International Flavors & Fragrances Stock Performance

IFF traded down $0.22 during trading on Thursday, reaching $79.92. 1,571,210 shares of the company's stock were exchanged, compared to its average volume of 1,501,512. International Flavors & Fragrances has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company 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. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $84.71 and a 200 day moving average price of $93.45.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, analysts predict that International Flavors & Fragrances will post 4.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Freemont Capital Pte Ltd acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $2,143,882,000. Norges Bank bought a new stake in International Flavors & Fragrances during the 4th quarter worth about $452,363,000. Dodge & Cox lifted its position in International Flavors & Fragrances by 11.9% during the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock valued at $2,658,063,000 after purchasing an additional 3,355,381 shares during the period. Van ECK Associates Corp boosted its stake in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock valued at $478,912,000 after purchasing an additional 1,663,629 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of International Flavors & Fragrances by 25.7% during the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock worth $464,926,000 after buying an additional 1,121,414 shares during the period. Institutional investors and hedge funds 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.