International Flavors & Fragrances Inc (IFF) Receives Average Rating of “Hold” from Brokerages

International Flavors & Fragrances Inc (NYSE:IFF) has received an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $146.67.

IFF has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Thursday, November 9th. Berenberg Bank reissued a “buy” rating and set a $160.00 target price on shares of International Flavors & Fragrances in a research report on Friday, November 10th. Evercore ISI raised shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 17th. UBS Group reissued a “buy” rating and set a $166.00 target price (up previously from $151.00) on shares of International Flavors & Fragrances in a research report on Tuesday, November 7th. Finally, KeyCorp increased their target price on shares of International Flavors & Fragrances from $148.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, October 16th.

In other International Flavors & Fragrances news, EVP Anne Chwat sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $149.61, for a total transaction of $448,830.00. Following the transaction, the executive vice president now directly owns 39,157 shares in the company, valued at approximately $5,858,278.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Winder Investment Pte Ltd lifted its holdings in shares of International Flavors & Fragrances by 12.6% in the 3rd quarter. Winder Investment Pte Ltd now owns 10,420,193 shares of the specialty chemicals company’s stock worth $1,489,150,000 after purchasing an additional 1,169,400 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of International Flavors & Fragrances by 1,096.1% in the 2nd quarter. Janus Henderson Group PLC now owns 103,621 shares of the specialty chemicals company’s stock worth $13,989,000 after purchasing an additional 94,958 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of International Flavors & Fragrances by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 256,602 shares of the specialty chemicals company’s stock worth $34,639,000 after purchasing an additional 14,604 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of International Flavors & Fragrances by 3.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 372,249 shares of the specialty chemicals company’s stock worth $53,199,000 after purchasing an additional 13,225 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of International Flavors & Fragrances in the 2nd quarter worth $428,000. Hedge funds and other institutional investors own 83.00% of the company’s stock.

International Flavors & Fragrances (NYSE IFF) traded up $0.64 during trading hours on Tuesday, reaching $143.06. 401,488 shares of the company’s stock were exchanged, compared to its average volume of 375,620. The firm has a market cap of $11,088.39, a P/E ratio of 27.41, a PEG ratio of 2.56 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.66 and a quick ratio of 1.77. International Flavors & Fragrances has a twelve month low of $117.07 and a twelve month high of $157.40.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/13/international-flavors-fragrances-inc-iff-receives-average-rating-of-hold-from-brokerages.html.

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.

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply