The stock of International Flavors & Fragrances Inc (NYSE:IFF) is a huge mover today! About 1.87M shares traded hands or 272.59% up from the average. International Flavors & Fragrances Inc (NYSE:IFF) has risen 11.05% since April 6, 2016 and is uptrending. It has outperformed by 9.10% the S&P500.
The move comes after 6 months negative chart setup for the $10.20 billion company. It was reported on Nov, 8 by Barchart.com. We have $114.85 PT which if reached, will make NYSE:IFF worth $918.00M less.
Analysts await International Flavors & Fragrances Inc (NYSE:IFF) to report earnings on November, 14. They expect $1.41 EPS, up 1.44% or $0.02 from last year’s $1.39 per share. IFF’s profit will be $113.95M for 22.38 P/E if the $1.41 EPS becomes a reality. After $1.47 actual EPS reported by International Flavors & Fragrances Inc for the previous quarter, Wall Street now forecasts -4.08% negative EPS growth.
International Flavors & Fragrances Inc (NYSE:IFF) Ratings Coverage
Out of 10 analysts covering Internationa Flavors & Fragrances (NYSE:IFF), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Internationa Flavors & Fragrances has been the topic of 15 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, February 11 report. Stifel Nicolaus maintained it with “Hold” rating and $121 target price in Tuesday, November 8 report. The firm earned “Buy” rating on Tuesday, August 16 by Argus Research. The stock has “Hold” rating given by Gabelli on Wednesday, August 10. The rating was downgraded by Stifel Nicolaus to “Hold” on Monday, January 25. The stock has “Buy” rating given by Edward Jones on Thursday, October 1. UBS maintained International Flavors & Fragrances Inc (NYSE:IFF) rating on Tuesday, August 11. UBS has “Neutral” rating and $117 price target. The firm has “Outperform” rating by Bernstein given on Monday, September 19. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, May 11 report. The company was maintained on Tuesday, August 9 by UBS.
According to Zacks Investment Research, “International Flavors & Fragrances Inc. is a creator and manufacturer of flavor and fragrance products used by other manufacturers to impart or improve flavor or fragrance in a wide variety of consumer products. Fragrance products are sold principally to manufacturers of perfumes, cosmetics, soaps and detergents, and flavor products to manufacturers of prepared foods, beverages, dairy foods, pharmaceuticals and confectionery products.”
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.15, from 0.89 in 2016Q1. The ratio is positive, as 26 funds sold all International Flavors & Fragrances Inc shares owned while 155 reduced positions. 49 funds bought stakes while 140 increased positions. They now own 63.27 million shares or 2.80% less from 65.09 million shares in 2016Q1.
Bahl Gaynor accumulated 0.01% or 4,674 shares. Paloma Partners Mgmt Company reported 23,181 shares or 0.03% of all its holdings. Bright Rock Capital Ltd accumulated 10,000 shares or 0.41% of the stock. Guyasuta Advsr accumulated 0.03% or 1,710 shares. Duncker Streett last reported 200 shares in the company. Mycio Wealth Prns Ltd Liability has 0.02% invested in the company for 1,109 shares. Sarasin And Prtn Ltd Liability Partnership holds 1.13M shares or 2.37% of its portfolio. Pictet And Cie (Europe) has 0.28% invested in the company for 10,705 shares. Great Lakes Ltd Com has 7,647 shares for 0.03% of their US portfolio. Finemark National Bank & Trust Trust, a Florida-based fund reported 4,469 shares. Envestnet Asset Management reported 94,802 shares or 0.05% of all its holdings. Moreover, Manufacturers Life Insurance The has 0.02% invested in International Flavors & Fragrances Inc (NYSE:IFF) for 80,429 shares. The Illinois-based Peak6 Invests Lp has invested 0% in International Flavors & Fragrances Inc (NYSE:IFF). Mcf Advisors Ltd Liability reported 15 shares or 0% of all its holdings. Fincl Bank Of New York Mellon Corporation last reported 964,377 shares in the company.
Insider Transactions: Since May 13, 2016, the stock had 0 insider buys, and 4 sales for $1.80 million net activity. 3,880 International Flavors & Fragrances Inc (NYSE:IFF) shares with value of $512,587 were sold by MIRZAYANTZ NICOLAS.
More notable recent International Flavors & Fragrances Inc (NYSE:IFF) news were published by: Zacks.com which released: “International Flavors (IFF) Lags Q3 Earnings, View Revised” on November 08, 2016, also Zacks.com with their article: “International Flavors (IFF) to Acquire Fragrance Resources” published on November 04, 2016, Fool.com published: “Why International Flavors & Fragrances Inc. Plunged 14% Today” on February 11, 2016. More interesting news about International Flavors & Fragrances Inc (NYSE:IFF) were released by: Wsj.com and their article: “International Flavors & Fragrances Returns to Quarterly Profit Growth” published on August 08, 2016 as well as Nasdaq.com‘s news article titled: “International Flavors (IFF) Q3 Earnings: What to Expect?” with publication date: November 03, 2016.
IFF Company Profile
International Flavors & Fragrances Inc. (IFF), incorporated on December 6, 1909, creates, makes and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Firm operates in two divisions: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, food and sweet products. The Fragrances segment consists of fragrance compounds and fragrance ingredients. The Company’s cosmetic active ingredients consist of active and functional ingredients, botanicals and delivery systems to support its customers’ cosmetic and personal care product lines. The Company’s products are sold to manufacturers of perfumes and cosmetics, hair and other personal care products, soaps and detergents, cleaning products, meat and other processed foods, snacks and savory foods, sweet and baked goods, and pharmaceutical and oral care products. It has over 30 manufacturing facilities and 30 creative centers located in over 30 countries that support over 38,000 products. The Company’s manufacturing facilities are located in the United States, the Netherlands, Spain, Great Britain, Turkey, Brazil, Mexico, Australia, China, India and Singapore.
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