International Flavors & Fragrances (IFF) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of International Flavors & Fragrances (NYSE:IFF) from a hold rating to a buy rating in a report published on Thursday morning.

Several other equities analysts have also recently commented on IFF. Stifel Nicolaus reaffirmed a hold rating and issued a $139.00 price target (up previously from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Zacks Investment Research raised International Flavors & Fragrances from a sell rating to a hold rating in a report on Monday, August 13th. Deutsche Bank upgraded International Flavors & Fragrances from a hold rating to a buy rating and upped their price objective for the company from $126.00 to $154.00 in a research note on Tuesday, October 16th. Citigroup began coverage on International Flavors & Fragrances in a research note on Friday, November 16th. They issued a neutral rating and a $152.00 price objective on the stock. Finally, Raymond James lowered International Flavors & Fragrances from a market perform rating to an underperform rating and set a $135.00 price objective on the stock. in a research note on Friday, November 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $145.00.

International Flavors & Fragrances stock traded up $1.56 during trading hours on Thursday, hitting $140.33. The stock had a trading volume of 30,019 shares, compared to its average volume of 733,737. The company has a quick ratio of 8.21, a current ratio of 9.16 and a debt-to-equity ratio of 1.07. The stock has a market cap of $14.74 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.45 and a beta of 0.85. International Flavors & Fragrances has a fifty-two week low of $122.11 and a fifty-two week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 EPS for the quarter, meeting the consensus estimate of $1.54. The firm had revenue of $907.50 million during the quarter, compared to analysts’ expectations of $886.15 million. International Flavors & Fragrances had a return on equity of 21.76% and a net margin of 7.86%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. On average, analysts expect that International Flavors & Fragrances will post 6.27 earnings per share for the current fiscal year.

In related news, major shareholder Winder Investment Pte Ltd purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, October 16th. The shares were bought at an average price of $136.75 per share, with a total value of $13,675,000.00. Following the purchase, the insider now directly owns 17,913,631 shares in the company, valued at approximately $2,449,689,039.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Francisco Fortanet sold 439 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total value of $62,469.70. Following the completion of the transaction, the executive vice president now directly owns 15,754 shares in the company, valued at approximately $2,241,794.20. The disclosure for this sale can be found here. In the last three months, insiders bought 357,000 shares of company stock worth $49,370,717. 0.48% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of IFF. Winder Investment Pte Ltd lifted its stake in shares of International Flavors & Fragrances by 27.7% in the 3rd quarter. Winder Investment Pte Ltd now owns 17,872,160 shares of the specialty chemicals company’s stock valued at $2,486,375,000 after purchasing an additional 3,872,160 shares during the period. FMR LLC raised its stake in International Flavors & Fragrances by 17,389.6% during the 3rd quarter. FMR LLC now owns 2,290,964 shares of the specialty chemicals company’s stock worth $318,718,000 after buying an additional 2,277,865 shares during the period. Capital International Investors acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth $249,473,000. Vanguard Group Inc. raised its stake in International Flavors & Fragrances by 13.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,298,969 shares of the specialty chemicals company’s stock worth $1,432,792,000 after buying an additional 1,239,892 shares during the period. Finally, Capital Research Global Investors raised its stake in International Flavors & Fragrances by 67.2% during the 3rd quarter. Capital Research Global Investors now owns 2,998,890 shares of the specialty chemicals company’s stock worth $417,206,000 after buying an additional 1,205,000 shares during the period. 78.17% of the stock is currently owned by institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily 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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