International Flavors & Fragrances (NYSE:IFF) Rating Increased to Buy at Argus

International Flavors & Fragrances (NYSE:IFF) was upgraded by equities researchers at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports.

Several other brokerages also recently weighed in on IFF. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a report on Friday, November 8th. UBS Group boosted their target price 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. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. Finally, Oppenheimer lifted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.21.

International Flavors & Fragrances Trading Down 0.6 %

Shares of NYSE:IFF opened at $82.00 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $20.97 billion, a PE ratio of -9.02, a P/E/G ratio of 1.54 and a beta of 1.18. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month high of $106.77. The business’s fifty day simple moving average is $89.23 and its 200-day simple moving average is $96.31.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results 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). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that International Flavors & Fragrances will post 4.16 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently bought and sold shares of IFF. Nordea Investment Management AB lifted its position in shares of International Flavors & Fragrances by 25.7% during the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after buying an additional 1,121,414 shares in the last quarter. Albar Capital Ltd lifted its holdings in International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after purchasing an additional 485,433 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of International Flavors & Fragrances by 70.9% in the third 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 period. Smith Group Asset Management LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth about $22,399,000. Finally, Point72 Europe London LLP raised its position in shares of International Flavors & Fragrances by 50.0% during the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock worth $59,736,000 after purchasing an additional 209,098 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.