International Flavors & Fragrances (NYSE:IFF) Earns “Sell” Rating from Barclays

Barclays reiterated their sell rating on shares of International Flavors & Fragrances (NYSE:IFF) in a research note released on Thursday morning, AnalystRatings.com reports.

Other equities research analysts have also issued reports about the stock. Societe Generale began coverage on shares of International Flavors & Fragrances in a report on Monday, September 9th. They issued a buy rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of International Flavors & Fragrances from $125.00 to $140.00 in a report on Wednesday. Citigroup raised their price objective on shares of International Flavors & Fragrances from $126.00 to $137.00 and gave the company a neutral rating in a report on Wednesday. Berenberg Bank lowered shares of International Flavors & Fragrances from a buy rating to a hold rating and reduced their price objective for the company from $155.00 to $133.00 in a report on Thursday, August 8th. Finally, Wells Fargo & Co raised their price objective on shares of International Flavors & Fragrances from $125.00 to $135.00 and gave the company a market perform rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. International Flavors & Fragrances currently has an average rating of Hold and a consensus price target of $141.36.

Shares of IFF traded down $0.61 during midday trading on Thursday, reaching $132.81. The stock had a trading volume of 657,162 shares, compared to its average volume of 1,017,603. International Flavors & Fragrances has a 1-year low of $104.86 and a 1-year high of $152.95. The company’s fifty day simple moving average is $120.75 and its two-hundred day simple moving average is $130.80. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 21.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.05 and a quick ratio of 1.59.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. International Flavors & Fragrances’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, sell-side analysts forecast that International Flavors & Fragrances will post 6.18 earnings per share for the current year.

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In related news, insider Nicolas Mirzayantz sold 928 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $126.26, for a total value of $117,169.28. Following the transaction, the insider now directly owns 34,465 shares of the company’s stock, valued at approximately $4,351,550.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,786 shares of company stock worth $330,449 over the last ninety days. Insiders own 0.39% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Allied Advisory Services Inc. grew its position in shares of International Flavors & Fragrances by 14.6% in the 3rd quarter. First Allied Advisory Services Inc. now owns 2,038 shares of the specialty chemicals company’s stock valued at $248,000 after buying an additional 260 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in International Flavors & Fragrances during the 3rd quarter worth $393,000. Trillium Asset Management LLC grew its position in International Flavors & Fragrances by 4.6% during the 3rd quarter. Trillium Asset Management LLC now owns 129,389 shares of the specialty chemicals company’s stock worth $15,875,000 after purchasing an additional 5,645 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in International Flavors & Fragrances by 5.7% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,066 shares of the specialty chemicals company’s stock worth $499,000 after purchasing an additional 221 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in International Flavors & Fragrances by 32.5% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 298,260 shares of the specialty chemicals company’s stock worth $36,753,000 after purchasing an additional 73,100 shares during the last quarter. 93.69% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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