Wells Fargo & Company Increases International Flavors & Fragrances (NYSE:IFF) Price Target to $150.00

International Flavors & Fragrances (NYSE:IFFGet Rating) had its price objective hoisted by analysts at Wells Fargo & Company from $145.00 to $150.00 in a research note issued to investors on Wednesday, The Fly reports. Wells Fargo & Company‘s price objective points to a potential upside of 19.52% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Robert W. Baird cut their price objective on International Flavors & Fragrances from $188.00 to $165.00 in a research note on Friday, February 11th. Jefferies Financial Group started coverage on shares of International Flavors & Fragrances in a research report on Thursday, January 13th. They set a “buy” rating and a $180.00 target price for the company. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the company from $155.00 to $160.00 in a report on Tuesday, January 25th. Berenberg Bank cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $165.00 to $144.00 in a research note on Thursday, March 24th. Finally, StockNews.com lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $156.18.

International Flavors & Fragrances stock opened at $125.50 on Wednesday. The business’s fifty day moving average is $125.03 and its 200 day moving average is $136.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.92 and a quick ratio of 1.23. The stock has a market capitalization of $31.97 billion, a PE ratio of 124.26, a price-to-earnings-growth ratio of 2.70 and a beta of 1.02. International Flavors & Fragrances has a one year low of $113.40 and a one year high of $157.08.

International Flavors & Fragrances (NYSE:IFFGet Rating) last announced its earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.38. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.09 billion. International Flavors & Fragrances had a net margin of 2.32% and a return on equity of 6.37%. The company’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 EPS. As a group, sell-side analysts expect that International Flavors & Fragrances will post 5.51 EPS for the current fiscal year.

In related news, insider De Villeplee Christoph Fauchon sold 630 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $121.68, for a total value of $76,658.40. Following the sale, the insider now owns 8,809 shares in the company, valued at $1,071,879.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. LTS One Management LP purchased a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $790,913,000. Point Break Capital Management LLC lifted its stake in shares of International Flavors & Fragrances by 69.0% in the 3rd quarter. Point Break Capital Management LLC now owns 4,900,000 shares of the specialty chemicals company’s stock valued at $655,228,000 after purchasing an additional 2,000,000 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in International Flavors & Fragrances by 24.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,173,967 shares of the specialty chemicals company’s stock worth $628,809,000 after buying an additional 818,364 shares in the last quarter. Marshall Wace LLP increased its holdings in International Flavors & Fragrances by 563.8% in the fourth quarter. Marshall Wace LLP now owns 868,631 shares of the specialty chemicals company’s stock valued at $130,857,000 after buying an additional 737,780 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $96,101,000. Institutional investors own 90.67% of the company’s stock.

About International Flavors & Fragrances (Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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