International Flavors & Fragrances Receives “Buy” Rating from Stifel Nicolaus (IFF)
International Flavors & Fragrances (NYSE:IFF)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a report released on Wednesday, American Banking News reports. They currently have a $103.00 target price on the stock, up from their previous target price of $102.00. Stifel Nicolaus’ price target would suggest a potential upside of 3.00% from the company’s current price.
International Flavors & Fragrances (NYSE:IFF) traded up 1.98% during mid-day trading on Wednesday, hitting $100.00. The stock had a trading volume of 455,154 shares. International Flavors & Fragrances has a one year low of $73.02 and a one year high of $98.98. The stock’s 50-day moving average is $94.85 and its 200-day moving average is $89.38. The company has a market cap of $8.127 billion and a P/E ratio of 22.86.
International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 6th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $770.00 million for the quarter, compared to the consensus estimate of $765.20 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances will post $5.00 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Wednesday. They now have a $107.00 price target on the stock, up previously from $103.00. Separately, analysts at Argus raised their price target on shares of International Flavors & Fragrances from $98.00 to $106.00 in a research note on Tuesday, March 4th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Monday, February 17th. They now have a $96.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $98.43.
International Flavors & Fragrances Inc (NYSE:IFF) creates, manufactures and supplies flavors and fragrances for the food, beverage, personal care and household products industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.