International Flavors & Fragrances (NYSE:IFF) was downgraded by equities researchers at Raymond James from a “market perform” rating to an “underperform” rating in a report issued on Friday, The Fly reports. They currently have a $135.00 price target on the specialty chemicals company’s stock. Raymond James’ price target would suggest a potential downside of 5.24% from the stock’s current price.

IFF has been the subject of several other research reports. ValuEngine upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their target price for the company from $126.00 to $154.00 in a report on Tuesday, October 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Finally, Citigroup started coverage on shares of International Flavors & Fragrances in a report on Friday. They issued a “hold” rating and a $152.00 target price for the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $145.00.

Shares of IFF stock opened at $142.47 on Friday. The stock has a market capitalization of $15.24 billion, a PE ratio of 24.19, a PEG ratio of 2.59 and a beta of 0.88. The company has a debt-to-equity ratio of 1.07, a current ratio of 9.16 and a quick ratio of 8.21. International Flavors & Fragrances has a one year low of $122.11 and a one year high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.54. The company had revenue of $907.50 million during the quarter, compared to the consensus estimate of $886.15 million. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 earnings per share. On average, equities research analysts anticipate that International Flavors & Fragrances will post 6.27 earnings per share for the current fiscal year.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 2,800 shares of International Flavors & Fragrances stock in a transaction dated Monday, October 29th. The stock was purchased at an average price of $139.91 per share, for a total transaction of $391,748.00. Following the completion of the purchase, the insider now directly owns 18,472,160 shares of the company’s stock, valued at $2,584,439,905.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Francisco Fortanet sold 1,389 shares of International Flavors & Fragrances stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $140.00, for a total transaction of $194,460.00. Following the completion of the transaction, the executive vice president now owns 16,193 shares of the company’s stock, valued at approximately $2,267,020. The disclosure for this sale can be found here. Insiders bought 357,000 shares of company stock valued at $49,370,717 in the last quarter. Corporate insiders own 0.48% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Aperio Group LLC increased its stake in shares of International Flavors & Fragrances by 16.4% in the third quarter. Aperio Group LLC now owns 46,184 shares of the specialty chemicals company’s stock worth $6,425,000 after purchasing an additional 6,515 shares in the last quarter. Pennsylvania Trust Co bought a new position in shares of International Flavors & Fragrances in the third quarter valued at approximately $217,000. Alpine Woods Capital Investors LLC boosted its position in shares of International Flavors & Fragrances by 16.9% in the second quarter. Alpine Woods Capital Investors LLC now owns 24,850 shares of the specialty chemicals company’s stock valued at $3,080,000 after acquiring an additional 3,600 shares during the period. Oregon Public Employees Retirement Fund bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $2,273,000. Finally, Aristotle Atlantic Partners LLC bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $2,040,000. Hedge funds and other institutional investors own 63.49% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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

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