International Flavors & Fragrances Inc. (NYSE:IFF) – Investment analysts at KeyCorp reduced their FY2017 earnings per share (EPS) estimates for International Flavors & Fragrances in a research note issued on Wednesday. KeyCorp analyst M. Sison now anticipates that the firm will post earnings of $5.85 per share for the year, down from their prior forecast of $5.90.

A number of other research analysts have also issued reports on IFF. Berenberg Bank started coverage on shares of International Flavors & Fragrances in a report on Wednesday, July 20th. They issued a “buy” rating and a $163.40 target price on the stock. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a report on Friday, July 22nd. Deutsche Bank AG reiterated a “hold” rating and set a $130.00 price objective (up from $124.00) on shares of International Flavors & Fragrances in a report on Sunday, July 24th. Gabelli lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $153.00 price objective on shares of International Flavors & Fragrances in a report on Sunday, August 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $145.04.

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

Shares of International Flavors & Fragrances (NYSE:IFF) traded down 0.06% on Friday, reaching $118.40. 680,853 shares of the company were exchanged. The stock has a market capitalization of $9.40 billion, a PE ratio of 23.56 and a beta of 1.15. International Flavors & Fragrances has a 1-year low of $97.24 and a 1-year high of $143.64. The company has a 50-day moving average price of $133.05 and a 200 day moving average price of $131.22.

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

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of International Flavors & Fragrances by 30,263.7% in the first quarter. Wellington Management Group LLP now owns 1,321,126 shares of the company’s stock valued at $150,305,000 after buying an additional 1,316,775 shares during the period. Riverhead Capital Management LLC increased its stake in shares of International Flavors & Fragrances by 652.5% in the second quarter. Riverhead Capital Management LLC now owns 669,081 shares of the company’s stock valued at $84,350,000 after buying an additional 580,171 shares during the period. Royal Bank of Canada increased its stake in shares of International Flavors & Fragrances by 61.5% in the second quarter. Royal Bank of Canada now owns 1,247,796 shares of the company’s stock valued at $157,310,000 after buying an additional 475,064 shares during the period. Capital International Investors increased its stake in shares of International Flavors & Fragrances by 46.9% in the second quarter. Capital International Investors now owns 940,600 shares of the company’s stock valued at $118,581,000 after buying an additional 300,400 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of International Flavors & Fragrances by 100.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 563,776 shares of the company’s stock valued at $67,608,000 after buying an additional 281,888 shares during the period. 81.24% of the stock is owned by institutional investors.

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

About International Flavors & Fragrances

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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