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

International Flavors & Fragrances (NYSE:IFF) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $110.00 to $107.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 19.47% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer boosted their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. UBS Group lifted their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays upped their price target on 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. Finally, Wells Fargo & Company upped their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $108.27.

International Flavors & Fragrances Stock Performance

NYSE:IFF traded up $1.99 on Thursday, hitting $89.56. The company’s stock had a trading volume of 1,587,151 shares, compared to its average volume of 1,661,868. The firm has a market capitalization of $22.90 billion, a P/E ratio of -9.75, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances has a one year low of $69.73 and a one year high of $106.77. The stock has a fifty day moving average of $102.63 and a two-hundred day moving average of $98.09.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. Research analysts predict that International Flavors & Fragrances will post 4.24 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IFF. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at $27,000. Family Firm Inc. purchased a new stake in shares of International Flavors & Fragrances in the second quarter worth about $38,000. Oakworth Capital Inc. acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $44,000. Eastern Bank purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at about $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances in the third quarter worth approximately $48,000. Hedge funds and other 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.