Log In

Wells Fargo & Company Issues Pessimistic Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price - American Banking and Market News

Published 2 months ago4 minute read
Get Free Report) had its price target cut by research analysts at Wells Fargo & Company from $115.00 to $105.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 31.38% from the stock’s current price.

A number of other equities research analysts also recently commented on IFF. UBS Group lifted their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a research report on Thursday. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

View Our Latest Stock Analysis on IFF

IFF stock opened at $79.92 on Thursday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77. The stock has a market capitalization of $20.43 billion, a PE ratio of 85.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.19. The firm has a 50 day moving average of $84.71 and a 200 day moving average of $93.45.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. Sell-side analysts forecast that International Flavors & Fragrances will post 4.35 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its position in shares of International Flavors & Fragrances by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after buying an additional 7,553 shares in the last quarter. Choreo LLC grew its stake in International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after acquiring an additional 8,728 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock worth $9,654,000 after acquiring an additional 11,406 shares in the last quarter. Covea Finance raised its position in International Flavors & Fragrances by 79.0% during the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after acquiring an additional 54,340 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in International Flavors & Fragrances during the fourth quarter valued at $7,508,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

(Get Free Report)

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.

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.


Origin:
publisher logo
American Banking and Market News
Loading...
Loading...
Loading...

You may also like...