Citigroup started coverage on shares of International Flavors & Fragrances (NYSE:IFF) in a report released on Friday, November 16th, MarketBeat reports. The brokerage issued a neutral rating and a $152.00 price objective on the specialty chemicals company’s stock.

A number of other research firms also recently weighed in on IFF. ValuEngine raised shares of International Flavors & Fragrances from a hold rating to a buy rating in a research report on Tuesday, November 6th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and set a $153.00 price target on the stock in a research note on Friday, September 28th. Stifel Nicolaus reiterated a hold rating and issued a $139.00 price target (up previously from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. Finally, Deutsche Bank upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and upped their price target for the stock from $126.00 to $154.00 in a research note on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $145.00.

International Flavors & Fragrances stock traded down $1.76 during mid-day trading on Friday, reaching $137.00. 854,085 shares of the company traded hands, compared to its average volume of 773,125. The company has a current ratio of 9.16, a quick ratio of 8.21 and a debt-to-equity ratio of 1.07. The company has a market cap of $14.79 billion, a P/E ratio of 23.26, a PEG ratio of 2.46 and a beta of 0.85. International Flavors & Fragrances has a 52-week low of $122.11 and a 52-week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.54. The business had revenue of $907.50 million for 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 company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. Analysts predict that International Flavors & Fragrances will post 6.27 EPS for the current fiscal year.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 100,000 shares of International Flavors & Fragrances stock in a transaction dated Tuesday, October 16th. The stock was purchased at an average price of $136.75 per share, with a total value of $13,675,000.00. Following the transaction, the insider now directly owns 17,913,631 shares of the company’s stock, valued at $2,449,689,039.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Francisco Fortanet sold 439 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total transaction of $62,469.70. Following the sale, the executive vice president now directly owns 15,754 shares of the company’s stock, valued at approximately $2,241,794.20. The disclosure for this sale can be found here. Insiders have acquired a total of 357,000 shares of company stock worth $49,370,717 in the last 90 days. Company insiders own 0.48% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IFF. Swiss National Bank increased its holdings in International Flavors & Fragrances by 8.0% in the 3rd quarter. Swiss National Bank now owns 322,464 shares of the specialty chemicals company’s stock worth $44,861,000 after acquiring an additional 24,000 shares in the last quarter. Pennsylvania Trust Co purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth approximately $217,000. Aperio Group LLC increased its holdings in International Flavors & Fragrances by 16.4% in the 3rd quarter. Aperio Group LLC now owns 46,184 shares of the specialty chemicals company’s stock worth $6,425,000 after acquiring an additional 6,515 shares in the last quarter. Alpine Woods Capital Investors LLC grew its holdings in International Flavors & Fragrances by 16.9% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 24,850 shares of the specialty chemicals company’s stock valued at $3,080,000 after buying an additional 3,600 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in International Flavors & Fragrances during the 2nd quarter valued at approximately $2,273,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

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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