International Flavors & Fragrances Inc. (NYSE:IFF) Receives $107.77 Consensus Target Price from Analysts

International Flavors & Fragrances Inc. (NYSE:IFF) has earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $107.77.

A number of analysts recently weighed in on the stock. Barclays lowered their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds have recently modified their holdings of IFF. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $32,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $34,000. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at about $42,000. Finally, Rialto Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 1.1 %

Shares of IFF opened at $85.19 on Friday. The firm has a market capitalization of $21.78 billion, a P/E ratio of -9.37, a P/E/G ratio of 1.54 and a beta of 1.19. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month high of $106.77. 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 has a fifty day moving average price of $85.47 and a 200-day moving average price of $94.19.

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.