Goldman Sachs Group Inc. initiated coverage on shares of International Flavors & Fragrances Inc. (NYSE:IFF) in a research note published on Monday. The firm issued a neutral rating and a $121.50 price target on the stock.

A number of other analysts have also issued reports on IFF. Deutsche Bank AG restated a hold rating and issued a $130.00 price target (up previously from $124.00) on shares of International Flavors & Fragrances in a research note on Sunday, July 24th. Gabelli lowered shares of International Flavors & Fragrances from a buy rating to a hold rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. restated a buy rating and issued a $153.00 price target on shares of International Flavors & Fragrances in a research note on Sunday, August 14th. Argus lifted their price target on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the stock a buy rating in a research note on Tuesday, August 16th. Finally, Sanford C. Bernstein started coverage on shares of International Flavors & Fragrances in a research note on Monday, September 19th. They issued an outperform rating and a $160.00 price target for the company. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $142.69.

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

Shares of International Flavors & Fragrances (NYSE:IFF) traded up 0.42% during trading on Monday, reaching $120.56. 219,075 shares of the company’s stock were exchanged. International Flavors & Fragrances has a 52 week low of $97.24 and a 52 week high of $143.64. The company’s 50-day moving average is $129.34 and its 200 day moving average is $131.38. The stock has a market capitalization of $9.58 billion, a PE ratio of 23.99 and a beta of 1.15.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, November 7th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by $0.08. The firm had revenue of $777 million for the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $1.39 EPS. On average, analysts forecast that International Flavors & Fragrances will post $5.44 earnings per share for the current year.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 2,945 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $117.56, for a total value of $346,214.20. Following the sale, the insider now directly owns 57,071 shares in the company, valued at $6,709,266.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of IFF. Global X Management Co. LLC increased its stake in International Flavors & Fragrances by 137.9% in the second quarter. Global X Management Co. LLC now owns 809 shares of the company’s stock valued at $102,000 after buying an additional 469 shares during the last quarter. D.A. Davidson & CO. increased its stake in International Flavors & Fragrances by 2.1% in the third quarter. D.A. Davidson & CO. now owns 841 shares of the company’s stock valued at $118,000 after buying an additional 17 shares during the last quarter. Quadrant Capital Group LLC increased its stake in International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock valued at $110,000 after buying an additional 4 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in International Flavors & Fragrances by 1,929.2% in the third quarter. Cornerstone Advisors Inc. now owns 974 shares of the company’s stock valued at $139,000 after buying an additional 926 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its stake in International Flavors & Fragrances by 72.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 990 shares of the company’s stock valued at $125,000 after buying an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 78.92% of the company’s stock.

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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