International Flavors & Fragrances (NYSE:IFF) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $6.21-$6.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.34. The company issued revenue guidance of $3.60-$3.67 billion, compared to the consensus revenue estimate of $3.57 billion.
A number of equities analysts recently weighed in on the company. Berenberg Bank reissued a buy rating and set a $160.00 price objective on shares of International Flavors & Fragrances in a report on Friday, November 10th. Zacks Investment Research lowered International Flavors & Fragrances from a hold rating to a sell rating in a research report on Monday, October 23rd. Evercore ISI upgraded International Flavors & Fragrances from an in-line rating to an outperform rating in a research report on Wednesday, January 17th. Finally, UBS Group restated a buy rating and set a $166.00 price target (up from $151.00) on shares of International Flavors & Fragrances in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $150.71.
International Flavors & Fragrances (IFF) traded up $1.79 on Wednesday, reaching $144.85. The company had a trading volume of 680,400 shares, compared to its average volume of 386,216. The company has a current ratio of 2.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92. International Flavors & Fragrances has a fifty-two week low of $117.07 and a fifty-two week high of $157.40. The company has a market cap of $11,247.93, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.11.
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About International 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.
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