Internationa Flavors & Fragrances, Inc. (NYSE:IFF)‘s stock had its “buy” rating reissued by research analysts at KeyCorp in a research note issued to investors on Wednesday. They presently have a $148.00 price objective on the specialty chemicals company’s stock. KeyCorp’s price objective indicates a potential upside of 0.51% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Monday, July 24th. Deutsche Bank AG restated a “hold” rating and set a $139.00 price target (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating and set a $136.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. Finally, Raymond James Financial, Inc. initiated coverage on shares of Internationa Flavors & Fragrances in a research note on Friday, July 7th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $134.35.

Shares of Internationa Flavors & Fragrances (NYSE IFF) traded down 1.33% during trading on Wednesday, hitting $145.29. 179,261 shares of the company’s stock were exchanged. Internationa Flavors & Fragrances has a 1-year low of $113.16 and a 1-year high of $147.50. The stock has a market cap of $11.47 billion, a PE ratio of 29.32 and a beta of 1.11. The stock’s 50-day moving average price is $140.83 and its 200-day moving average price is $136.47.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The business had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. During the same period last year, the company earned $1.47 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts expect that Internationa Flavors & Fragrances will post $5.78 earnings per share for the current fiscal year.

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In other Internationa Flavors & Fragrances news, EVP Anne Chwat sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total value of $411,660.00. Following the completion of the sale, the executive vice president now owns 42,157 shares of the company’s stock, valued at $5,784,783.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total value of $40,308.00. Following the completion of the sale, the executive vice president now directly owns 19,994 shares of the company’s stock, valued at approximately $2,686,393.84. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 1,149,400 shares of company stock worth $154,143,873 and have sold 6,998 shares worth $962,952. Corporate insiders own 0.48% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. D.A. Davidson & CO. boosted its stake in shares of Internationa Flavors & Fragrances by 0.5% during the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 5 shares during the period. Cleararc Capital Inc. boosted its stake in shares of Internationa Flavors & Fragrances by 0.6% during the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock valued at $258,000 after purchasing an additional 11 shares during the period. Ironwood Investment Management LLC boosted its stake in shares of Internationa Flavors & Fragrances by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 2,940 shares of the specialty chemicals company’s stock valued at $397,000 after purchasing an additional 20 shares during the period. Intrust Bank NA boosted its stake in shares of Internationa Flavors & Fragrances by 1.2% during the second quarter. Intrust Bank NA now owns 2,937 shares of the specialty chemicals company’s stock valued at $396,000 after purchasing an additional 36 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its stake in shares of Internationa Flavors & Fragrances by 5.7% during the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 41 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

About Internationa Flavors & Fragrances

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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