Today, International Flavors & Fragrances Inc. (IFF) Earns Neutral Rating from Analysts at Goldman Sachs Group Inc.

Today, International Flavors & Fragrances Inc. (IFF) Earns Neutral Rating from Analysts at Goldman Sachs Group Inc.

Goldman Sachs Group Inc. assumed coverage on shares of International Flavors & Fragrances Inc. (NYSE:IFF) in a research report sent to investors on Monday morning. The brokerage issued a neutral rating and a $121.50 target price on the stock.

Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of International Flavors & Fragrances from a hold rating to a buy rating and set a $146.00 price target for the company in a report on Wednesday, October 26th. Sanford C. Bernstein began coverage on shares of International Flavors & Fragrances in a report on Monday, September 19th. They issued an outperform rating and a $160.00 price target for the company. Gabelli lowered shares of International Flavors & Fragrances from a buy rating to a hold rating in a report on Wednesday, August 10th. Argus boosted their price target on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the stock a buy rating in a report on Tuesday, August 16th. Finally, Stifel Nicolaus cut their price target on shares of International Flavors & Fragrances from $140.00 to $121.00 and set a hold rating for the company in a report on Tuesday, November 8th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $142.69.

International Flavors & Fragrances (NYSE:IFF) opened at 120.33 on Monday. The company has a market cap of $9.56 billion, a PE ratio of 23.94 and a beta of 1.15. The stock’s 50 day moving average price is $128.18 and its 200-day moving average price is $131.32. International Flavors & Fragrances has a 1-year low of $97.24 and a 1-year high of $143.64.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, November 7th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.42 by $0.08. The firm had revenue of $777 million for the quarter, compared to analysts’ expectations of $785.05 million. International Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. International Flavors & Fragrances’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. On average, analysts forecast that International Flavors & Fragrances will post $5.45 earnings per share for the current year.

In other news, insider Nicolas Mirzayantz sold 2,945 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $117.56, for a total transaction of $346,214.20. Following the transaction, the insider now owns 57,071 shares of the company’s stock, valued at approximately $6,709,266.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.55% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in IFF. Global X Management Co. LLC boosted its position in shares of International Flavors & Fragrances by 137.9% in the second quarter. Global X Management Co. LLC now owns 809 shares of the company’s stock valued at $102,000 after buying an additional 469 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock valued at $110,000 after buying an additional 4 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of International Flavors & Fragrances by 2.1% in the third quarter. D.A. Davidson & CO. now owns 841 shares of the company’s stock valued at $118,000 after buying an additional 17 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of International Flavors & Fragrances by 72.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 990 shares of the company’s stock valued at $125,000 after buying an additional 417 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its position in shares of International Flavors & Fragrances by 1,929.2% in the third quarter. Cornerstone Advisors Inc. now owns 974 shares of the company’s stock valued at $139,000 after buying an additional 926 shares during the last quarter. 78.92% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Company Profile

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