Wells Fargo & Company Issues Pessimistic Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its target price lowered by equities researchers at Wells Fargo & Company from $115.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 28.07% from the stock’s previous close.

Several other brokerages have also recently issued reports on IFF. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a report on Thursday. Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, Citigroup decreased their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.86.

International Flavors & Fragrances Stock Down 5.2 %

NYSE IFF opened at $81.99 on Thursday. The stock’s 50 day moving average is $85.02 and its 200 day moving average is $93.64. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances has a 12 month low of $72.94 and a 12 month high of $106.77. The stock has a market cap of $20.96 billion, a PE ratio of 87.22, a P/E/G ratio of 1.56 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.64% and a net margin of 2.12%. Research analysts predict that International Flavors & Fragrances will post 4.35 EPS for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances during the 4th quarter worth $32,000. Fairway Wealth LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter worth $34,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth $42,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter worth $42,000. Finally, Eastern Bank bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth $46,000. 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.