JPMorgan Chase & Co. Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price target cut by stock analysts at JPMorgan Chase & Co. from $107.00 to $104.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 30.13% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Thursday, November 7th. Wells Fargo & Company cut their price objective 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. Bank of America cut their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday. Barclays cut their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $79.92 on Thursday. International Flavors & Fragrances has a 1 year low of $72.94 and a 1 year high of $106.77. The firm’s 50 day moving average is $84.71 and its 200-day moving average is $93.45. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 85.02, a PEG ratio of 1.48 and a beta of 1.19. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts forecast that International Flavors & Fragrances will post 4.35 EPS for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

Several large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its position in shares of International Flavors & Fragrances by 7.6% during the fourth quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company’s stock worth $1,931,000 after acquiring an additional 1,621 shares in the last quarter. Forum Financial Management LP increased its position in shares of International Flavors & Fragrances by 58.8% during the fourth quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company’s stock worth $330,000 after acquiring an additional 1,446 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $415,000. Toronto Dominion Bank increased its position in shares of International Flavors & Fragrances by 8.3% during the fourth quarter. Toronto Dominion Bank now owns 136,779 shares of the specialty chemicals company’s stock worth $11,565,000 after acquiring an additional 10,522 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $1,916,000. Institutional investors own 96.02% of the company’s stock.

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.