International Flavors & Fragrances Inc. (NYSE:IFF) Short Interest Up 16.7% in October

International Flavors & Fragrances Inc. (NYSE:IFF) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 3,150,000 shares, a growth of 16.7% from the September 30th total of 2,700,000 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is currently 2.5 days.

International Flavors & Fragrances Trading Down 0.2 %

IFF opened at $101.13 on Thursday. International Flavors & Fragrances has a twelve month low of $65.81 and a twelve month high of $106.77. The company has a fifty day moving average of $103.04 and a 200-day moving average of $97.62. The stock has a market cap of $25.85 billion, a PE ratio of -10.97, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company posted $0.86 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts predict that International Flavors & Fragrances will post 4.23 EPS for the current year.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Oppenheimer raised their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Morgan Stanley upped their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 3rd. Finally, Barclays raised their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.86.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances during the third quarter worth $27,000. Quent Capital LLC boosted its position in shares of International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at about $38,000. Fidelis Capital Partners LLC bought a new stake in International Flavors & Fragrances in the 1st quarter valued at about $44,000. Finally, Larson Financial Group LLC boosted its holdings in International Flavors & Fragrances by 5,050.0% in the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 505 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.