Internationa Flavors & Fragrances, Inc. (IFF) PT Raised to $156.00 at KeyCorp

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) had its price target upped by research analysts at KeyCorp from $148.00 to $156.00 in a report released on Monday, October 16th. The firm currently has an “overweight” rating on the specialty chemicals company’s stock. KeyCorp’s target price would suggest a potential upside of 4.00% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus restated a “hold” rating and set a $136.00 target price on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub cut shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reaffirmed a “sell” rating and issued a $123.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $139.00 price target (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $135.15.

Internationa Flavors & Fragrances (IFF) opened at 150.00 on Monday. The stock’s 50 day moving average price is $145.44 and its 200-day moving average price is $138.03. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 30.27 and a beta of 1.11. Internationa Flavors & Fragrances has a 52 week low of $113.16 and a 52 week high of $151.04.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.05. The firm had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share. On average, equities research analysts forecast that Internationa Flavors & Fragrances will post $5.75 earnings per share for the current fiscal year.

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In other news, EVP Anne Chwat sold 3,000 shares of Internationa Flavors & Fragrances stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $137.22, for a total transaction of $411,660.00. Following the transaction, the executive vice president now owns 42,157 shares in the company, valued at approximately $5,784,783.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of Internationa Flavors & Fragrances stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total transaction of $40,308.00. Following the transaction, the executive vice president now owns 19,994 shares in the company, valued at approximately $2,686,393.84. The disclosure for this sale can be found here. In the last three months, insiders have purchased 679,196 shares of company stock valued at $91,404,985 and have sold 5,765 shares valued at $798,026. 0.48% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IFF. YorkBridge Wealth Partners LLC lifted its stake in shares of Internationa Flavors & Fragrances by 5.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 41 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of Internationa Flavors & Fragrances by 30.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock valued at $143,000 after buying an additional 245 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Internationa Flavors & Fragrances by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Internationa Flavors & Fragrances by 6.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 76 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Internationa Flavors & Fragrances by 15.1% during the 2nd quarter. IFP Advisors Inc now owns 1,353 shares of the specialty chemicals company’s stock valued at $183,000 after buying an additional 177 shares in the last quarter. Institutional investors own 82.17% of the company’s stock.

About Internationa Flavors & Fragrances

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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

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