International Flavors & Fragrances (NYSE:IFF) PT Raised to $100.00

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by equities research analysts at Wells Fargo & Company from $90.00 to $100.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 19.99% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Mizuho upped their target price on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Citigroup reduced their target price on shares of International Flavors & Fragrances from $85.00 to $81.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their target price for the company from $73.00 to $112.00 in a report on Friday, January 12th. Finally, Barclays upped their price objective on shares of International Flavors & Fragrances from $64.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $84.88.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $83.34 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The stock has a market cap of $21.28 billion, a PE ratio of -8.30, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The firm’s fifty day simple moving average is $80.96 and its 200-day simple moving average is $76.22.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts expect that International Flavors & Fragrances will post 3.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of hedge funds have recently added to or reduced their stakes in IFF. Blue Bell Private Wealth Management LLC increased its holdings in shares of International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Clear Street Markets LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $27,000. Penserra Capital Management LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $31,000. Covestor Ltd grew its holdings in International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Finally, West Tower Group LLC acquired a new position in International Flavors & Fragrances during the second quarter worth about $35,000. 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.