Internationa Flavors & Fragrances’ (IFF) Buy Rating Reiterated at KeyCorp

Internationa Flavors & Fragrances, Inc. (NYSE:IFF)‘s stock had its “buy” rating reiterated by research analysts at KeyCorp in a research report issued to clients and investors on Wednesday, October 4th. They presently have a $148.00 price target on the specialty chemicals company’s stock. KeyCorp’s price target would suggest a potential downside of 1.19% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Barclays PLC reiterated a “sell” rating and set a $123.00 price target on shares of Internationa Flavors & Fragrances in a research report on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and set a $139.00 price target (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research report on Thursday, August 10th. BidaskClub upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $136.00 price target on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $135.15.

Internationa Flavors & Fragrances (NYSE IFF) traded down 0.57% on Wednesday, hitting $148.92. 36,289 shares of the company traded hands. Internationa Flavors & Fragrances has a 1-year low of $113.16 and a 1-year high of $149.66. The firm has a market capitalization of $11.76 billion, a PE ratio of 30.05 and a beta of 1.11. The firm’s 50 day moving average price is $143.11 and its 200 day moving average price is $137.09.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (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. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. Internationa Flavors & Fragrances’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share. Equities research analysts predict that Internationa Flavors & Fragrances will post $5.78 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was reported by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/internationa-flavors-fragrances-inc-iff-stock-rating-reaffirmed-by-keycorp/1699492.html.

In related news, major shareholder Winder Investment Pte Ltd purchased 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average price of $133.74 per share, with a total value of $5,349,600.00. Following the completion of the acquisition, the insider now owns 9,501,793 shares in the company, valued at $1,270,769,795.82. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $134.36, for a total value of $40,308.00. Following the completion of the sale, the executive vice president now directly owns 19,994 shares of the company’s stock, valued at approximately $2,686,393.84. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 998,400 shares of company stock valued at $133,957,373 and sold 5,765 shares valued at $798,026. 0.48% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its holdings in shares of Internationa Flavors & Fragrances by 5.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 41 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in Internationa Flavors & Fragrances by 30.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after acquiring an additional 245 shares during the last quarter. D.A. Davidson & CO. increased its stake in Internationa Flavors & Fragrances by 0.5% during the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock worth $144,000 after acquiring an additional 5 shares during the last quarter. Van ECK Associates Corp increased its stake in Internationa Flavors & Fragrances by 7.2% during the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after acquiring an additional 78 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its stake in Internationa Flavors & Fragrances by 6.3% during the second quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock worth $171,000 after acquiring an additional 76 shares during the last quarter. 82.11% of the stock is 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)

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

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.