Wells Fargo & Company Increases International Flavors & Fragrances (NYSE:IFF) Price Target to $110.00

International Flavors & Fragrances (NYSE:IFF) had its price target boosted by analysts at Wells Fargo & Company from $100.00 to $110.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 13.34% from the stock’s current price.

Several other brokerages have also recently weighed in on IFF. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $100.00 in a research note on Wednesday. Jefferies Financial Group raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their price target for the stock from $73.00 to $112.00 in a research report on Friday, January 12th. Wolfe Research assumed coverage on International Flavors & Fragrances in a report on Friday, March 1st. They issued an “underperform” rating for the company. Citigroup upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and upped their target price for the stock from $81.00 to $100.00 in a report on Wednesday, April 10th. Finally, StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Hold” and an average price target of $93.18.

International Flavors & Fragrances Trading Down 0.2 %

Shares of NYSE:IFF opened at $97.05 on Wednesday. The firm has a market cap of $24.78 billion, a price-to-earnings ratio of -9.67, a PEG ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances has a 12 month low of $62.11 and a 12 month high of $97.48. The company’s fifty day simple moving average is $84.15 and its 200 day simple moving average is $79.55. 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 (NYSE:IFF) last issued its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. As a group, research analysts forecast that International Flavors & Fragrances will post 3.68 EPS for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently made changes to their positions in IFF. State of Alaska Department of Revenue grew its holdings in International Flavors & Fragrances by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company’s stock valued at $2,381,000 after buying an additional 130 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of International Flavors & Fragrances by 3.9% in the fourth quarter. Parallel Advisors LLC now owns 3,679 shares of the specialty chemicals company’s stock valued at $298,000 after acquiring an additional 138 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its position in International Flavors & Fragrances by 3.2% during the third quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company’s stock worth $330,000 after acquiring an additional 148 shares during the period. Federated Hermes Inc. raised its stake in International Flavors & Fragrances by 9.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 152 shares in the last quarter. Finally, Pflug Koory LLC boosted its holdings in International Flavors & Fragrances by 2.4% in the 1st quarter. Pflug Koory LLC now owns 6,522 shares of the specialty chemicals company’s stock valued at $561,000 after purchasing an additional 152 shares during the period. Institutional investors own 96.02% of the company’s stock.

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.