International Flavors & Fragrances (NYSE:IFF) Given New $105.00 Price Target at Wells Fargo & Company

International Flavors & Fragrances (NYSE:IFF) had its price objective cut by Wells Fargo & Company from $115.00 to $105.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

IFF has been the subject of a number of other research reports. Oppenheimer decreased their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Citigroup decreased their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a report on Thursday. Finally, Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Down 2.1 %

Shares of NYSE:IFF opened at $80.24 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances has a 1 year low of $72.94 and a 1 year high of $106.77. The stock has a market capitalization of $20.51 billion, a P/E ratio of 85.36, a PEG ratio of 1.48 and a beta of 1.19. The stock has a 50-day simple moving average of $84.86 and a 200-day simple moving average of $93.55.

International Flavors & Fragrances (NYSE:IFF) last issued 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. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Equities analysts forecast that International Flavors & Fragrances will post 4.35 earnings per share for the current year.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 11.9% during the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock valued at $2,658,063,000 after acquiring an additional 3,355,381 shares in the last quarter. Vanguard Group Inc. raised its position in shares of International Flavors & Fragrances by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock valued at $2,554,996,000 after acquiring an additional 164,945 shares in the last quarter. Freemont Capital Pte Ltd acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $2,143,882,000. State Street Corp raised its position 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 valued at $1,102,363,000 after acquiring an additional 196,696 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of International Flavors & Fragrances by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock valued at $520,032,000 after acquiring an additional 157,948 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.