International Flavors & Fragrances’ (IFF) “Sell” Rating Reiterated at Barclays

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International Flavors & Fragrances (NYSE:IFF)‘s stock had its “sell” rating reiterated by research analysts at Barclays in a research report issued on Thursday, AnalystRatings.com reports.

Several other research firms have also issued reports on IFF. Societe Generale assumed coverage on shares of International Flavors & Fragrances in a report on Monday, September 9th. They issued a “buy” rating and a $140.00 target price for the company. KeyCorp lowered their target price on shares of International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of International Flavors & Fragrances from $125.00 to $140.00 in a report on Wednesday. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 target price for the company in a report on Monday, August 5th. Finally, Berenberg Bank lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and lowered their target price for the stock from $155.00 to $133.00 in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. International Flavors & Fragrances presently has a consensus rating of “Hold” and an average target price of $141.36.

IFF stock traded down $0.61 during trading on Thursday, hitting $132.81. 657,162 shares of the company’s stock traded hands, compared to its average volume of 1,017,603. International Flavors & Fragrances has a 52 week low of $104.86 and a 52 week high of $152.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.59 and a current ratio of 2.05. The business has a fifty day simple moving average of $120.75 and a 200 day simple moving average of $130.80. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 21.15 and a beta of 0.83.

International Flavors & Fragrances (NYSE:IFF) last released 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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. International Flavors & Fragrances had a return on equity of 10.39% and a net margin of 7.59%. International Flavors & Fragrances’s revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. Research analysts forecast 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 firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $118.96, for a total value of $110,513.84. Following the transaction, the insider now 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 link. Insiders sold a total of 2,786 shares of company stock worth $330,449 in the last ninety days. 0.39% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC purchased a new position in International Flavors & Fragrances in the 3rd quarter worth about $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position 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 purchasing an additional 218 shares during the period. Advisory Services Network LLC increased its position 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 purchasing an additional 125 shares during the period. Stonebridge Capital Advisors LLC purchased a new position in International Flavors & Fragrances during the 2nd quarter valued at about $33,000. Finally, CSat Investment Advisory L.P. increased its position 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 purchasing an additional 145 shares during the period. 93.69% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Company Profile

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

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