Internationa Flavors & Fragrances, Inc. (NYSE:IFF)‘s stock had its “buy” rating reiterated by analysts at KeyCorp in a report issued on Thursday. They presently have a $148.00 price target on the specialty chemicals company’s stock. KeyCorp’s price target points to a potential upside of 8.89% from the stock’s current price.

A number of other equities research analysts also recently commented on IFF. Zacks Investment Research downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub upgraded shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Deutsche Bank AG restated a “hold” rating and issued a $139.00 target price (up from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. Barclays PLC restated a “sell” rating and issued a $123.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $136.00 target price (up from $129.00) on shares of Internationa Flavors & Fragrances in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Internationa Flavors & Fragrances presently has an average rating of “Hold” and an average target price of $138.91.

Shares of Internationa Flavors & Fragrances (NYSE:IFF) traded up 0.51% on Thursday, hitting $135.92. 168,842 shares of the company were exchanged. The stock has a market capitalization of $10.73 billion, a PE ratio of 27.43 and a beta of 1.11. The firm’s 50-day moving average is $134.54 and its 200-day moving average is $132.75. Internationa Flavors & Fragrances has a 52-week low of $113.16 and a 52-week high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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 business had revenue of $842.86 million during the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 earnings per share. Equities research analysts predict that Internationa Flavors & Fragrances will post $5.78 earnings per share for the current year.

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In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,233 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $133.76, for a total transaction of $164,926.08. Following the transaction, the insider now directly owns 46,274 shares of the company’s stock, valued at $6,189,610.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Winder Investment Pte Ltd purchased 20,000 shares of Internationa Flavors & Fragrances stock in a transaction on Tuesday, June 20th. The shares were acquired at an average cost of $136.80 per share, for a total transaction of $2,736,000.00. Following the completion of the transaction, the insider now owns 9,170,793 shares of the company’s stock, valued at $1,254,564,482.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,214,128 shares of company stock worth $162,786,041 and have sold 5,766 shares worth $786,086. Insiders own 0.48% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its position in shares of Internationa Flavors & Fragrances by 20.5% in the second quarter. Toronto Dominion Bank now owns 31,885 shares of the specialty chemicals company’s stock worth $4,305,000 after buying an additional 5,422 shares during the period. Advisory Services Network LLC boosted its position in shares of Internationa Flavors & Fragrances by 630.7% in the second quarter. Advisory Services Network LLC now owns 2,163 shares of the specialty chemicals company’s stock worth $292,000 after buying an additional 1,867 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Internationa Flavors & Fragrances during the second quarter worth $379,000. Public Employees Retirement System of Ohio boosted its position in shares of Internationa Flavors & Fragrances by 5.7% in the second quarter. Public Employees Retirement System of Ohio now owns 32,635 shares of the specialty chemicals company’s stock worth $4,406,000 after buying an additional 1,767 shares during the period. Finally, Covington Capital Management boosted its position in shares of Internationa Flavors & Fragrances by 5.3% in the second quarter. Covington Capital Management now owns 32,088 shares of the specialty chemicals company’s stock worth $4,332,000 after buying an additional 1,615 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

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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