International Flavors & Fragrances (NYSE:IFF) Upgraded to "Buy" by Citigroup

International Flavors & Fragrances (NYSE:IFF - Get Free Report) was upgraded by stock analysts at Citigroup from a "neutral" rating to a "buy" rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $100.00 price objective on the specialty chemicals company's stock, up from their previous price objective of $81.00. Citigroup's price objective would suggest a potential upside of 16.01% from the company's current price.

Several other equities analysts have also issued reports on the company. Mizuho lifted their price target on International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 20th. Stifel Nicolaus cut their price target on International Flavors & Fragrances from $87.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday, February 21st. UBS Group boosted their price target on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a "neutral" rating in a research note on Thursday, January 11th. Robert W. Baird boosted their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Finally, Argus downgraded International Flavors & Fragrances from a "buy" rating to a "hold" rating in a research note on Friday, March 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of "Hold" and an average price target of $86.00.

International Flavors & Fragrances Stock Down 0.2 %

Shares of IFF stock traded down $0.18 during mid-day trading on Wednesday, reaching $86.20. 1,509,505 shares of the company's stock traded hands, compared to its average volume of 2,264,265. International Flavors & Fragrances has a 12 month low of $62.11 and a 12 month high of $97.49. The company has a market cap of $22.01 billion, a P/E ratio of -8.59, a P/E/G ratio of 1.90 and a beta of 1.23. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The company's 50-day moving average price is $81.24 and its 200-day moving average price is $76.64.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. On average, equities analysts expect that International Flavors & Fragrances will post 3.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its stake in International Flavors & Fragrances by 48.8% in the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 80 shares during the period. Clear Street Markets LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC boosted its stake in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 300 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $41,000. 96.02% of the stock is currently owned by institutional investors.

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.