Stock analysts at Janney Montgomery Scott began coverage on shares of International Flavors & Fragrances (NYSE:IFF) in a report issued on Monday, American Banking News reports. The firm set a “buy” rating on the stock.
In other International Flavors & Fragrances news, CFO Kevin Berryman unloaded 1,720 shares of the company’s stock on the open market in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $87.78, for a total value of $150,981.60. Following the sale, the chief financial officer now directly owns 48,676 shares in the company, valued at approximately $4,272,779. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus raised their price target on shares of International Flavors & Fragrances from $93.00 to $98.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note to investors on Friday, November 8th. They now have a $89.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of International Flavors & Fragrances from $86.00 to $91.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. International Flavors & Fragrances currently has an average rating of “Buy” and an average target price of $89.57.
Shares of International Flavors & Fragrances (NYSE:IFF) traded down 0.42% during mid-day trading on Monday, hitting $88.05. 261,703 shares of the company’s stock traded hands. International Flavors & Fragrances has a 52 week low of $63.29 and a 52 week high of $90.30. The stock’s 50-day moving average is $84.20 and its 200-day moving average is $81.42. The company has a market cap of $7.177 billion and a P/E ratio of 20.22.
International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.04. The company had revenue of $742.30 million for the quarter, compared to the consensus estimate of $745.80 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances will post $4.45 earnings per share for the current fiscal year.
International Flavors & Fragrances Inc (NYSE:IFF) creates, manufactures and supplies flavors and fragrances for the food, beverage, personal care and household products industries.
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