International Flavors & Fragrances (NYSE:IFF) Given New $104.00 Price Target at JPMorgan Chase & Co.

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by equities research analysts at JPMorgan Chase & Co. from $107.00 to $104.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 30.74% from the company’s current price.

IFF has been the topic of several other reports. Barclays decreased their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday. Stifel Nicolaus cut their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a report on Thursday. Finally, Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.21.

International Flavors & Fragrances Stock Performance

Shares of IFF stock traded down $2.44 during trading on Thursday, reaching $79.55. 427,871 shares of the company’s stock traded hands, compared to its average volume of 1,429,990. International Flavors & Fragrances has a 1 year low of $72.94 and a 1 year high of $106.77. The company has a market capitalization of $20.34 billion, a P/E ratio of 84.62, a PEG ratio of 1.56 and a beta of 1.19. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $85.02 and its 200 day moving average is $93.64.

International Flavors & Fragrances (NYSE:IFF) last posted 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. International Flavors & Fragrances had a return on equity of 7.64% and a net margin of 2.12%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts expect that International Flavors & Fragrances will post 4.35 EPS for the current year.

Institutional Trading of International Flavors & Fragrances

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of International Flavors & Fragrances by 76.6% in the 3rd quarter. Blue Trust Inc. now owns 3,329 shares of the specialty chemicals company’s stock worth $349,000 after acquiring an additional 1,444 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in International Flavors & Fragrances by 196.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,910 shares of the specialty chemicals company’s stock worth $3,978,000 after purchasing an additional 25,107 shares during the period. Sequoia Financial Advisors LLC bought a new stake in International Flavors & Fragrances in the third quarter worth $226,000. Signaturefd LLC boosted its position in International Flavors & Fragrances by 3.7% during the third quarter. Signaturefd LLC now owns 4,608 shares of the specialty chemicals company’s stock valued at $484,000 after buying an additional 165 shares during the period. Finally, Eastern Bank bought a new position in shares of International Flavors & Fragrances during the third quarter valued at about $46,000. Hedge funds and other 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.