ValuEngine upgraded shares of International Flavors & Fragrances (NYSE:IFF) from a hold rating to a buy rating in a report issued on Thursday.

IFF has been the subject of several other reports. Raymond James downgraded shares of International Flavors & Fragrances from a market perform rating to an underperform rating and set a $135.00 price objective for the company. in a research report on Friday, November 16th. Citigroup began coverage on shares of International Flavors & Fragrances in a research report on Friday, November 16th. They set a neutral rating and a $152.00 price objective for the company. Deutsche Bank upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and raised their price objective for the stock from $126.00 to $154.00 in a research report on Tuesday, October 16th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a sell rating to a hold rating in a research report on Monday, August 13th. Finally, Stifel Nicolaus restated a hold rating and set a $139.00 price objective (up from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $145.00.

International Flavors & Fragrances stock traded up $1.56 during midday trading on Thursday, reaching $140.33. 30,019 shares of the company’s stock were exchanged, compared to its average volume of 733,737. The company has a debt-to-equity ratio of 1.07, a quick ratio of 8.21 and a current ratio of 9.16. The stock has a market capitalization of $14.74 billion, a P/E ratio of 23.82, a PEG ratio of 2.45 and a beta of 0.85. International Flavors & Fragrances has a 52 week low of $122.11 and a 52 week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.54. The firm had revenue of $907.50 million during the quarter, compared to the consensus estimate of $886.15 million. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. Research analysts forecast that International Flavors & Fragrances will post 6.27 earnings per share for the current year.

In other news, EVP Francisco Fortanet sold 439 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total value of $62,469.70. Following the completion of the sale, the executive vice president now directly owns 15,754 shares in the company, valued at $2,241,794.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, October 16th. The stock was acquired at an average price of $136.75 per share, with a total value of $13,675,000.00. Following the completion of the transaction, the insider now owns 17,913,631 shares of the company’s stock, valued at approximately $2,449,689,039.25. The disclosure for this purchase can be found here. Insiders have acquired 357,000 shares of company stock valued at $49,370,717 over the last 90 days. Company insiders own 0.48% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IFF. Piedmont Investment Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the second quarter valued at approximately $113,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of International Flavors & Fragrances by 6.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 233,865 shares of the specialty chemicals company’s stock worth $28,990,000 after buying an additional 13,272 shares during the last quarter. Comerica Bank grew its stake in shares of International Flavors & Fragrances by 62.3% during the second quarter. Comerica Bank now owns 32,833 shares of the specialty chemicals company’s stock worth $4,235,000 after buying an additional 12,600 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in shares of International Flavors & Fragrances during the second quarter worth $8,317,000. Finally, Barings LLC grew its stake in shares of International Flavors & Fragrances by 39.0% during the second quarter. Barings LLC now owns 20,365 shares of the specialty chemicals company’s stock worth $2,524,000 after buying an additional 5,716 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily 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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