International Flavors & Fragrances Inc. (NYSE:IFF) – Analysts at Gabelli decreased their FY2016 earnings estimates for shares of International Flavors & Fragrances in a research note issued on Wednesday. Gabelli analyst S. Donnelly now forecasts that the brokerage will post earnings per share of $5.45 for the year, down from their prior forecast of $5.60. Gabelli currently has a “Hold” rating on the stock. Gabelli also issued estimates for International Flavors & Fragrances’ FY2017 earnings at $5.85 EPS, FY2018 earnings at $6.55 EPS, FY2019 earnings at $7.10 EPS and FY2020 earnings at $7.75 EPS.

A number of other brokerages have also issued reports on IFF. Deutsche Bank AG reissued a “hold” rating and issued a $137.00 target price on shares of International Flavors & Fragrances in a research report on Thursday, October 13th. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research report on Tuesday, October 4th. Berenberg Bank started coverage on International Flavors & Fragrances in a research report on Wednesday, July 20th. They set a “buy” rating and a $163.40 price target on the stock. Stifel Nicolaus lowered their price target on International Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Sanford C. Bernstein started coverage on International Flavors & Fragrances in a research report on Monday, September 19th. They set an “outperform” rating and a $160.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. International Flavors & Fragrances has an average rating of “Buy” and a consensus target price of $145.04.

Earnings History and Estimates for International Flavors & Fragrances (NYSE:IFF)

International Flavors & Fragrances (NYSE:IFF) opened at 118.40 on Friday. International Flavors & Fragrances has a 52-week low of $97.24 and a 52-week high of $143.64. The stock’s 50 day moving average is $133.05 and its 200-day moving average is $131.22. The firm has a market capitalization of $9.40 billion, a PE ratio of 23.56 and a beta of 1.15.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, November 7th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by $0.08. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. The firm had revenue of $777 million for the quarter, compared to analyst estimates of $785.05 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis.

In related news, insider Nicolas Mirzayantz sold 3,881 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $135.84, for a total transaction of $527,195.04. Following the transaction, the insider now directly owns 60,016 shares of the company’s stock, valued at approximately $8,152,573.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock worth $110,000 after buying an additional 4 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in International Flavors & Fragrances by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,520 shares of the company’s stock worth $360,000 after buying an additional 10 shares during the last quarter. Veritable L.P. raised its position in International Flavors & Fragrances by 1.4% in the second quarter. Veritable L.P. now owns 1,975 shares of the company’s stock worth $249,000 after buying an additional 28 shares during the last quarter. Albert D Mason Inc. raised its position in International Flavors & Fragrances by 0.3% in the second quarter. Albert D Mason Inc. now owns 12,470 shares of the company’s stock worth $1,572,000 after buying an additional 35 shares during the last quarter. Finally, Creative Planning raised its position in International Flavors & Fragrances by 2.8% in the second quarter. Creative Planning now owns 1,383 shares of the company’s stock worth $174,000 after buying an additional 38 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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