International Flavors & Fragrances Given Average Recommendation of “Buy” by Analysts (NYSE:IFF)
International Flavors & Fragrances (NYSE:IFF) has received an average rating of “Buy” from the nine ratings firms that are presently covering the stock, StockRatingsNetwork.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $98.43.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Wednesday. They now have a $103.00 price target on the stock, up previously from $102.00. Separately, 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. Finally, 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.
Shares of International Flavors & Fragrances (NYSE:IFF) traded up 0.48% during mid-day trading on Thursday, hitting $100.48. 67,370 shares of the company’s stock traded hands. International Flavors & Fragrances has a 1-year low of $73.02 and a 1-year high of $100.00. The stock has a 50-day moving average of $95.03 and a 200-day moving average of $89.46. The company has a market cap of $8.144 billion and a P/E ratio of 22.27.
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. Analysts expect that International Flavors & Fragrances will post $5.01 EPS 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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