Wells Fargo & Company Has Lowered Expectations for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price objective lowered by Wells Fargo & Company from $115.00 to $105.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the specialty chemicals company’s stock.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Friday, November 8th. Oppenheimer decreased their price target on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Trading Down 0.3 %

NYSE IFF opened at $79.92 on Thursday. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a 50 day moving average price of $84.71 and a 200 day moving average price of $93.43. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.43 billion, a PE ratio of 85.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results 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. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, sell-side analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $32,000. Point72 Hong Kong Ltd acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $42,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $34,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances during the third quarter worth $48,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.