International Flavors & Fragrances (NYSE:IFF – Get Free Report) had its price target reduced by equities researchers at Oppenheimer from $117.00 to $114.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Oppenheimer’s target price points to a potential upside of 32.44% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. UBS Group upped their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Barclays cut their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, November 7th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus price target of $109.00.
International Flavors & Fragrances Trading Down 0.5 %
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 earnings per share. As a group, research analysts expect that International Flavors & Fragrances will post 4.15 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.
Institutional Investors Weigh In On International Flavors & Fragrances
Several hedge funds have recently made changes to their positions in IFF. Van ECK Associates Corp increased its holdings in International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after buying an additional 1,663,629 shares during the period. Nordea Investment Management AB raised its stake in shares of International Flavors & Fragrances by 25.7% in the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after acquiring an additional 1,121,414 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in International Flavors & Fragrances by 70.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after purchasing an additional 293,760 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in International Flavors & Fragrances during the 3rd quarter worth about $22,399,000. Finally, State Street Corp lifted its position in shares of International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.
International Flavors & Fragrances Company Profile
International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.
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