International Flavors & Fragrances Inc. (NYSE:IFF) – Equities research analysts at KeyCorp lowered their FY2016 earnings estimates for shares of International Flavors & Fragrances in a report released on Wednesday. KeyCorp analyst M. Sison now anticipates that the brokerage will post earnings per share of $5.45 for the year, down from their prior estimate of $5.55. KeyCorp also issued estimates for International Flavors & Fragrances’ Q4 2016 earnings at $1.17 EPS.

Several other research firms also recently issued reports on IFF. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Tuesday, October 4th. Berenberg Bank reaffirmed a “buy” rating and set a $163.40 price objective on shares of International Flavors & Fragrances in a report on Monday, September 26th. Gabelli downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Argus lifted their price objective on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, Sanford C. Bernstein initiated coverage on shares of International Flavors & Fragrances in a report on Monday, September 19th. They set an “outperform” rating and a $160.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $145.04.

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

International Flavors & Fragrances (NYSE:IFF) opened at 118.06 on Monday. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 23.49 and a beta of 1.15. International Flavors & Fragrances has a 12 month low of $97.24 and a 12 month high of $143.64. The stock has a 50 day moving average of $133.05 and a 200 day moving average of $131.22.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, November 7th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 the consensus estimate of $785.05 million. During the same period last year, the company posted $1.39 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year.

Several institutional investors have recently modified their holdings of IFF. Global X Management Co. LLC increased its position in shares of International Flavors & Fragrances by 137.9% in the second quarter. Global X Management Co. LLC now owns 809 shares of the company’s stock worth $102,000 after buying an additional 469 shares during the period. Quadrant Capital Group LLC increased its position in shares of 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 period. Mizuho Asset Management Co. Ltd. increased its position in shares of International Flavors & Fragrances by 72.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 990 shares of the company’s stock worth $125,000 after buying an additional 417 shares during the period. Cornerstone Advisors Inc. increased its position in shares of International Flavors & Fragrances by 1,929.2% in the third quarter. Cornerstone Advisors Inc. now owns 974 shares of the company’s stock worth $139,000 after buying an additional 926 shares during the period. Finally, Mycio Wealth Partners LLC increased its position in shares of International Flavors & Fragrances by 433.2% in the second quarter. Mycio Wealth Partners LLC now owns 1,109 shares of the company’s stock worth $140,000 after buying an additional 901 shares during the period. 80.48% of the stock is currently owned by institutional investors.

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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