Barclays reiterated their sell rating on shares of International Flavors & Fragrances (NYSE:IFF) in a research report sent to investors on Thursday morning, AnalystRatings.com reports.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a sell rating to a hold rating and set a $151.00 target price on the stock in a research note on Monday, August 5th. Societe Generale assumed coverage on shares of International Flavors & Fragrances in a research note on Monday, September 9th. They set a buy rating and a $140.00 target price on the stock. UBS Group lowered their target price on shares of International Flavors & Fragrances from $171.00 to $163.00 and set a buy rating on the stock in a research note on Wednesday, October 2nd. Stifel Nicolaus set a $120.00 price objective on shares of International Flavors & Fragrances and gave the stock a hold rating in a research note on Wednesday, August 7th. Finally, Berenberg Bank cut shares of International Flavors & Fragrances from a buy rating to a hold rating and lowered their price objective for the stock from $155.00 to $133.00 in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. International Flavors & Fragrances has an average rating of Hold and a consensus price target of $141.36.
IFF traded down $0.61 during midday trading on Thursday, hitting $132.81. 657,162 shares of the company traded hands, compared to its average volume of 1,017,603. The company has a quick ratio of 1.59, a current ratio of 2.05 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $14.36 billion, a PE ratio of 21.15 and a beta of 0.83. The company’s 50-day moving average is $120.75 and its 200 day moving average is $130.80. International Flavors & Fragrances has a 52 week low of $104.86 and a 52 week high of $152.95.
International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. International Flavors & Fragrances’s revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 EPS. On average, sell-side analysts predict that International Flavors & Fragrances will post 6.18 earnings per share for the current fiscal year.
In related news, insider Nicolas Mirzayantz sold 929 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $118.96, for a total value of $110,513.84. Following the completion of the sale, the insider now directly owns 33,536 shares of the company’s stock, valued at approximately $3,989,442.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 2,786 shares of company stock valued at $330,449 over the last three months. 0.39% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in IFF. Massey Quick Simon & CO. LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at approximately $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in International Flavors & Fragrances by 2,422.2% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 227 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 218 shares in the last quarter. Advisory Services Network LLC grew its holdings in International Flavors & Fragrances by 119.0% during the 2nd quarter. Advisory Services Network LLC now owns 230 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 125 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in International Flavors & Fragrances during the 2nd quarter valued at approximately $33,000. Finally, CSat Investment Advisory L.P. grew its holdings in International Flavors & Fragrances by 80.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 326 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 145 shares in the last quarter. 93.69% of the stock is 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 three segments: Taste, Scent, and Frutarom. The Taste 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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