Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Stock Rating Reaffirmed by Barclays PLC

Internationa Flavors & Fragrances, Inc. (NYSE:IFF)‘s stock had its “sell” rating reissued by equities research analysts at Barclays PLC in a research note issued to investors on Friday. They currently have a $123.00 price target on the specialty chemicals company’s stock. Barclays PLC’s target price points to a potential downside of 9.14% from the company’s previous close.

A number of other research analysts also recently weighed in on IFF. BidaskClub raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Deutsche Bank AG reissued a “hold” rating and issued a $139.00 price target (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday. Stifel Nicolaus reissued a “hold” rating and issued a $136.00 price target (up previously from $129.00) on shares of Internationa Flavors & Fragrances in a research note on Friday, June 16th. Zacks Investment Research downgraded Internationa Flavors & Fragrances from a “buy” rating to a “sell” rating in a research note on Thursday, May 11th. Finally, Vertical Research downgraded Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $140.61.

Shares of Internationa Flavors & Fragrances (NYSE IFF) opened at 135.38 on Friday. The stock has a 50 day moving average price of $134.23 and a 200-day moving average price of $131.49. The company has a market cap of $10.69 billion, a P/E ratio of 27.32 and a beta of 1.11. Internationa Flavors & Fragrances has a 1-year low of $113.16 and a 1-year high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. During the same quarter in the prior year, the business earned $1.47 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict that Internationa Flavors & Fragrances will post $5.75 earnings per share for the current fiscal year.

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In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 40,000 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average price of $132.30 per share, with a total value of $5,292,000.00. Following the purchase, the insider now owns 9,461,793 shares of the company’s stock, valued at approximately $1,251,795,213.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Francisco Fortanet sold 300 shares of the firm’s stock in a transaction 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 sale, 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. Insiders have purchased a total of 1,234,682 shares of company stock worth $165,428,363 in the last ninety days. 0.48% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of IFF. Ontario Teachers Pension Plan Board increased its stake in shares of Internationa Flavors & Fragrances by 64.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 60,956 shares of the specialty chemicals company’s stock valued at $8,229,000 after buying an additional 23,785 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Internationa Flavors & Fragrances during the second quarter valued at approximately $7,975,000. Dimensional Fund Advisors LP increased its stake in shares of Internationa Flavors & Fragrances by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 256,602 shares of the specialty chemicals company’s stock valued at $34,639,000 after buying an additional 14,604 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Internationa Flavors & Fragrances by 5,138.5% in the second quarter. Renaissance Technologies LLC now owns 136,200 shares of the specialty chemicals company’s stock valued at $18,387,000 after buying an additional 133,600 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Internationa Flavors & Fragrances by 1.8% in the second quarter. Parametric Portfolio Associates LLC now owns 107,224 shares of the specialty chemicals company’s stock valued at $14,475,000 after buying an additional 1,887 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Internationa 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 Internationa Flavors & Fragrances (NYSE:IFF)

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