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

International Flavors & Fragrances (NYSE:IFF - Get Free Report) was upgraded by research analysts at Argus from a "hold" rating to a "buy" rating in a research note issued on Tuesday, MarketBeat Ratings reports.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus raised their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. UBS Group lifted their price target 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. Oppenheimer lifted their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Finally, Bank of America upgraded shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target on the stock in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.21.

International Flavors & Fragrances Stock Up 0.4 %

NYSE IFF traded up $0.33 during trading hours on Tuesday, hitting $82.44. The company had a trading volume of 1,854,974 shares, compared to its average volume of 1,618,918. International Flavors & Fragrances has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company has a market capitalization of $21.08 billion, a price-to-earnings ratio of -9.07, a P/E/G ratio of 1.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The firm's 50 day moving average is $89.23 and its 200 day moving average is $96.31.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced 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). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share. Sell-side analysts anticipate that International Flavors & Fragrances will post 4.16 earnings per share for the current fiscal year.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Large investors have recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new stake in shares of International Flavors & Fragrances during the third quarter worth approximately $27,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances during the third quarter worth approximately $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances during the third quarter worth approximately $44,000. Eastern Bank bought a new stake in International Flavors & Fragrances in the third quarter valued at approximately $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in International Flavors & Fragrances in the third quarter valued at approximately $48,000. 96.02% of the stock is currently 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.