International Flavors & Fragrances Inc (NYSE:IFF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “In the last year, International Flavors & Fragrances' shares have underperformed the industry. It also looks overvalued compared with the industry. The company's presence in international markets has exposed it to risks arising from foreign currency-translation and geopolitical issues. For 2017, it predicts a negative foreign currency impact of 1% on revenues and 2.5% on earnings per share growth. Also, the company is exposed to risks arising from uncertain global economic conditions and stiff competition. In the last 60 days, earnings estimates on the stock decreased for 2017.”

IFF has been the topic of several other reports. Raymond James Financial, Inc. assumed coverage on International Flavors & Fragrances in a research note on Friday, July 7th. They set a “market perform” rating on the stock. BidaskClub cut International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “hold” rating and set a $136.00 price objective on shares of International Flavors & Fragrances in a research note on Friday, July 21st. Deutsche Bank AG reissued a “hold” rating and set a $139.00 price objective (up from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 10th. Finally, Barclays PLC reissued a “sell” rating and set a $123.00 price objective on shares of International Flavors & Fragrances in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus target price of $135.15.

Shares of International Flavors & Fragrances (NYSE IFF) traded up 0.13% during trading on Monday, hitting $150.56. The stock had a trading volume of 73,724 shares. The company has a market cap of $11.89 billion, a PE ratio of 30.38 and a beta of 1.11. International Flavors & Fragrances has a 12 month low of $113.16 and a 12 month high of $151.04. The stock has a 50 day moving average of $144.71 and a 200 day moving average of $137.61.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The company had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. International Flavors & Fragrances had a return on equity of 26.64% and a net margin of 13.03%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 earnings per share. Equities analysts forecast that International Flavors & Fragrances will post $5.75 EPS for the current fiscal year.

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In other news, major shareholder Winder Investment Pte Ltd acquired 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were bought at an average price of $133.74 per share, with a total value of $5,349,600.00. Following the completion of the purchase, the insider now directly owns 9,501,793 shares in the company, valued at $1,270,769,795.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total value of $40,308.00. Following the completion of the transaction, the executive vice president now directly owns 19,994 shares in the company, valued at approximately $2,686,393.84. The disclosure for this sale can be found here. In the last three months, insiders purchased 958,400 shares of company stock worth $128,665,373 and sold 5,765 shares worth $798,026. 0.48% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of IFF. FMR LLC lifted its holdings in International Flavors & Fragrances by 11.4% during the first quarter. FMR LLC now owns 34,976 shares of the specialty chemicals company’s stock worth $4,636,000 after buying an additional 3,592 shares during the period. Teachers Advisors LLC lifted its holdings in International Flavors & Fragrances by 5.0% during the first quarter. Teachers Advisors LLC now owns 95,701 shares of the specialty chemicals company’s stock worth $12,683,000 after buying an additional 4,535 shares during the period. Thrivent Financial For Lutherans lifted its holdings in International Flavors & Fragrances by 0.8% during the first quarter. Thrivent Financial For Lutherans now owns 15,990 shares of the specialty chemicals company’s stock worth $2,120,000 after buying an additional 130 shares during the period. Dimensional Fund Advisors LP lifted its holdings in International Flavors & Fragrances by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 241,998 shares of the specialty chemicals company’s stock worth $32,071,000 after buying an additional 1,870 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in International Flavors & Fragrances by 4.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 335,928 shares of the specialty chemicals company’s stock worth $44,521,000 after buying an additional 13,051 shares during the period. Institutional investors own 82.11% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold 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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