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

International Flavors & Fragrances (NYSE:IFF) had its target price lowered by equities research analysts at Citigroup from $110.00 to $105.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target indicates a potential upside of 22.18% from the stock’s previous close.

IFF has been the subject of several other research reports. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. Finally, Barclays increased their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.21.

International Flavors & Fragrances Stock Up 0.7 %

Shares of NYSE IFF opened at $85.94 on Wednesday. The company has a market cap of $21.97 billion, a price-to-earnings ratio of -9.45, a PEG ratio of 1.55 and a beta of 1.17. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $93.94 and its 200 day moving average is $97.33. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share. On average, equities research analysts expect that International Flavors & Fragrances will post 4.16 earnings per share for the current year.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in International Flavors & Fragrances by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock worth $49,388,000 after buying an additional 9,555 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of International Flavors & Fragrances by 9.3% during the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock valued at $924,000 after acquiring an additional 750 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of International Flavors & Fragrances in the third quarter worth approximately $406,000. Arete Wealth Advisors LLC raised its holdings in shares of International Flavors & Fragrances by 4.2% during the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock valued at $321,000 after purchasing an additional 124 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in International Flavors & Fragrances by 872.8% during the third quarter. Sunbelt Securities Inc. now owns 1,323 shares of the specialty chemicals company’s stock valued at $139,000 after purchasing an additional 1,187 shares during the period. Institutional investors own 96.02% of the company’s stock.

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.