Wells Fargo & Company Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $90.00

International Flavors & Fragrances (NYSE:IFF) had its target price reduced by research analysts at Wells Fargo & Company from $105.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 25.18% from the company’s current price.

Other research analysts also recently issued reports about the stock. Citigroup lowered their price target on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday. Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research report on Thursday, February 20th. Oppenheimer dropped their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Barclays dropped their price objective on International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.54.

International Flavors & Fragrances Stock Up 7.5 %

Shares of NYSE:IFF traded up $5.05 during mid-day trading on Wednesday, reaching $71.90. 1,947,047 shares of the stock were exchanged, compared to its average volume of 1,747,148. The stock’s 50 day simple moving average is $80.54 and its 200-day simple moving average is $88.21. 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 company has a market cap of $18.39 billion, a P/E ratio of 76.48, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances has a one year low of $65.85 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, equities research analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current year.

Insider Activity

In other news, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently bought and sold shares of the company. Dodge & Cox lifted its stake in shares of International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock valued at $2,658,063,000 after acquiring an additional 3,355,381 shares during the last quarter. Vanguard Group Inc. increased its position in shares of International Flavors & Fragrances by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock valued at $2,554,996,000 after buying an additional 164,945 shares during the period. Freemont Capital Pte Ltd bought a new stake in International Flavors & Fragrances during the 4th quarter valued at approximately $2,143,882,000. Geode Capital Management LLC grew its holdings in shares of International Flavors & Fragrances by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock worth $520,032,000 after acquiring an additional 157,948 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after acquiring an additional 1,663,629 shares in the last quarter. Institutional investors 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.