International Flavors & Fragrances (NYSE:IFF) Given New $115.00 Price Target at Wells Fargo & Company

International Flavors & Fragrances (NYSE:IFF) had its target price boosted by equities researchers at Wells Fargo & Company from $110.00 to $115.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 22.48% from the company’s current price.

Several other research firms have also issued reports on IFF. Bank of America increased their price objective on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and raised their price target for the company from $75.00 to $100.00 in a report on Wednesday, May 8th. Barclays raised their price target on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Robert W. Baird raised their price target on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the company from $95.00 to $115.00 in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $99.00.

International Flavors & Fragrances Trading Down 0.3 %

IFF stock traded down $0.32 on Thursday, hitting $93.89. 200,371 shares of the company were exchanged, compared to its average volume of 1,843,259. International Flavors & Fragrances has a twelve month low of $62.11 and a twelve month high of $101.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The business’s fifty day moving average is $96.64 and its two-hundred day moving average is $88.88. The stock has a market capitalization of $23.97 billion, a price-to-earnings ratio of -9.52, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts forecast that International Flavors & Fragrances will post 3.98 earnings per share for the current year.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the transaction, the insider now owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors have recently made changes to their positions in IFF. Norges Bank bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $79,812,000. Nomura Holdings Inc. raised its stake in shares of International Flavors & Fragrances by 139.3% in the fourth quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after purchasing an additional 798,946 shares during the last quarter. Ilex Capital Partners UK LLP raised its stake in shares of International Flavors & Fragrances by 344.5% in the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after purchasing an additional 656,820 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of International Flavors & Fragrances by 12.9% in the fourth quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company’s stock worth $359,045,000 after purchasing an additional 507,193 shares during the last quarter. Finally, Clearfield Capital Management LP purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter worth approximately $28,771,000. 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.