International Flavors & Fragrances Sets New 1-Year High at $105.66 (IFF)
International Flavors & Fragrances (NYSE:IFF) shares reached a new 52-week high during mid-day trading on Thursday , StockRatingsNetwork reports. The stock traded as high as $105.66 and last traded at $105.40, with a volume of 180,992 shares trading hands. The stock had previously closed at $105.05.
A number of research firms have recently commented on IFF. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Monday, June 23rd. They now have a $110.00 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 $106.00 to $109.00 in a research note on Monday, May 19th. 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 Wednesday, May 14th. They now have a $103.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $105.67.
The stock’s 50-day moving average is $100.7 and its 200-day moving average is $93.6. The company has a market cap of $8.570 billion and a price-to-earnings ratio of 23.40.
International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.19 earnings per share. International Flavors & Fragrances’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that International Flavors & Fragrances will post $5.05 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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