International Flavors & Fragrances Inc. (NYSE:IFF) Receives $107.77 Average PT from Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $107.77.

IFF has been the topic of a number of analyst reports. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Citigroup cut their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Stifel Nicolaus dropped their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. Finally, Oppenheimer reduced their price target on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th.

International Flavors & Fragrances Trading Down 1.5 %

Shares of IFF stock opened at $84.36 on Friday. The stock has a market capitalization of $21.57 billion, a P/E ratio of -9.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. 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 50 day moving average price of $85.71 and a 200 day moving average price of $94.38.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB grew its position in International Flavors & Fragrances by 25.7% during the fourth 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. Robeco Institutional Asset Management B.V. increased its holdings in International Flavors & Fragrances by 70.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after buying an additional 293,760 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at approximately $22,399,000. Finally, State Street Corp boosted its stake in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after acquiring an additional 196,696 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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.