Insider Buying: International Flavors & Fragrances Director Buys 1,100 Shares of Stock (IFF)
International Flavors & Fragrances (NYSE:IFF) Director Marcello Bottoli acquired 1,100 shares of International Flavors & Fragrances stock on the open market in a transaction dated Friday, February 14th. The shares were purchased at an average cost of $91.26 per share, for a total transaction of $100,386.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
International Flavors & Fragrances (NYSE:IFF) traded up 0.73% on Tuesday, hitting $92.41. 282,492 shares of the company’s stock traded hands. International Flavors & Fragrances has a 52-week low of $70.73 and a 52-week high of $92.04. The stock’s 50-day moving average is $86.38 and its 200-day moving average is $84.19. The company has a market cap of $7.507 billion and a P/E ratio of 21.38.
International Flavors & Fragrances (NYSE:IFF) last released its earnings data on Thursday, February 13th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.01. The company had revenue of $725.00 million for the quarter, compared to the consensus estimate of $708.21 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances will post $4.95 earnings per share for the current fiscal year.
IFF has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Monday. They now have a $96.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Friday. They now have a $98.00 price target on the stock, down previously from $100.00. Finally, analysts at Barclays raised their price target on shares of International Flavors & Fragrances from $95.00 to $106.00 in a research note on Friday. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $94.29.
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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