Shares of International Flavors & Fragrances Inc (NYSE:IFF) have earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $150.25.
Several equities analysts have issued reports on IFF shares. UBS Group lifted their price target on shares of International Flavors & Fragrances from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. KeyCorp lifted their price objective on shares of International Flavors & Fragrances from $143.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. BNP Paribas downgraded shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a research note on Friday, June 21st. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Friday, May 24th. Finally, ValuEngine downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd.
NYSE IFF traded down $1.81 on Wednesday, hitting $143.99. The stock had a trading volume of 481,688 shares, compared to its average volume of 904,049. The business has a fifty day moving average of $145.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.58 and a current ratio of 2.56. International Flavors & Fragrances has a 52-week low of $121.85 and a 52-week high of $152.95. The company has a market capitalization of $15.61 billion, a PE ratio of 22.93 and a beta of 0.76.
In other news, insider Nicolas Mirzayantz sold 3,472 shares of International Flavors & Fragrances stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $136.73, for a total transaction of $474,726.56. Following the completion of the sale, the insider now directly owns 45,858 shares in the company, valued at $6,270,164.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 10,508 shares of company stock valued at $1,496,115 over the last quarter. Insiders own 0.39% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of IFF. Lenox Wealth Management Inc. acquired a new position in International Flavors & Fragrances during the first quarter valued at $26,000. Kaizen Advisory LLC lifted its position in International Flavors & Fragrances by 50.3% during the fourth quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 91 shares during the period. Icon Wealth Partners LLC acquired a new position in International Flavors & Fragrances during the first quarter valued at $38,000. Field & Main Bank acquired a new position in International Flavors & Fragrances during the first quarter valued at $39,000. Finally, Penserra Capital Management LLC raised its position in shares of International Flavors & Fragrances by 28.6% in the first quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 80 shares during the period. Institutional investors own 88.49% 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 three segments: Taste, Scent, and Frutarom. The Taste 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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