Internationa Flavors & Fragrances, Inc. (NYSE:IFF)‘s stock had its “buy” rating restated by equities researchers at KeyCorp in a report issued on Thursday. They presently have a $148.00 target price on the specialty chemicals company’s stock. KeyCorp’s target price would suggest a potential upside of 8.89% from the company’s previous close.

A number of other brokerages have also weighed in on IFF. Deutsche Bank AG restated a “hold” rating and set a $139.00 price objective (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Monday, May 1st. Vertical Group lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Vertical Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, BidaskClub lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $138.91.

Internationa Flavors & Fragrances (NYSE:IFF) traded up 0.51% during mid-day trading on Thursday, hitting $135.92. 168,842 shares of the company’s stock traded hands. The stock has a market cap of $10.73 billion, a PE ratio of 27.43 and a beta of 1.11. The firm’s 50-day moving average price is $134.54 and its 200-day moving average price is $132.75. Internationa Flavors & Fragrances has a one year low of $113.16 and a one year high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. During the same quarter last year, the firm earned $1.47 EPS. Internationa Flavors & Fragrances’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Internationa Flavors & Fragrances will post $5.78 EPS for the current fiscal year.

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In related news, insider Nicolas Mirzayantz sold 1,233 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $133.76, for a total transaction of $164,926.08. Following the completion of the transaction, the insider now owns 46,274 shares in the company, valued at approximately $6,189,610.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Winder Investment Pte Ltd acquired 40,000 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average price of $132.30 per share, with a total value of $5,292,000.00. Following the transaction, the insider now directly owns 9,461,793 shares in the company, valued at $1,251,795,213.90. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,214,128 shares of company stock valued at $162,786,041 and sold 5,766 shares valued at $786,086. 0.48% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank raised its position in Internationa Flavors & Fragrances by 20.5% in the second quarter. Toronto Dominion Bank now owns 31,885 shares of the specialty chemicals company’s stock worth $4,305,000 after buying an additional 5,422 shares in the last quarter. Advisory Services Network LLC raised its position in Internationa Flavors & Fragrances by 630.7% in the second quarter. Advisory Services Network LLC now owns 2,163 shares of the specialty chemicals company’s stock worth $292,000 after buying an additional 1,867 shares in the last quarter. WINTON GROUP Ltd bought a new position in Internationa Flavors & Fragrances during the second quarter worth about $379,000. Public Employees Retirement System of Ohio raised its position in Internationa Flavors & Fragrances by 5.7% in the second quarter. Public Employees Retirement System of Ohio now owns 32,635 shares of the specialty chemicals company’s stock worth $4,406,000 after buying an additional 1,767 shares in the last quarter. Finally, Covington Capital Management raised its position in Internationa Flavors & Fragrances by 5.3% in the second quarter. Covington Capital Management now owns 32,088 shares of the specialty chemicals company’s stock worth $4,332,000 after buying an additional 1,615 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

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)

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