International Flavors & Fragrances (IFF) to Release Quarterly Earnings on Tuesday

International Flavors & Fragrances (NYSE:IFFGet Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.77 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $80.32 on Tuesday. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 446.22, a P/E/G ratio of 5.10 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances has a 1-year low of $62.11 and a 1-year high of $98.76. The stock’s 50-day moving average is $79.94 and its 200 day moving average is $73.29.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. SVB Wealth LLC raised its stake in International Flavors & Fragrances by 4.0% during the first quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemicals company’s stock valued at $273,000 after buying an additional 79 shares during the last quarter. Covestor Ltd raised its stake in International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 80 shares during the last quarter. Raymond James Trust N.A. raised its stake in International Flavors & Fragrances by 2.4% during the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after buying an additional 90 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in International Flavors & Fragrances by 0.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,638 shares of the specialty chemicals company’s stock valued at $2,583,000 after buying an additional 120 shares during the last quarter. Finally, BSW Wealth Partners raised its stake in International Flavors & Fragrances by 3.3% during the first quarter. BSW Wealth Partners now owns 4,226 shares of the specialty chemicals company’s stock valued at $389,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of research reports. Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price objective for the company from $73.00 to $112.00 in a report on Friday, January 12th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $81.00 to $90.00 in a research report on Monday, January 22nd. UBS Group raised their price target on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Wells Fargo & Company raised their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. Finally, StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $80.71.

Get Our Latest Analysis on International Flavors & Fragrances

About International Flavors & Fragrances

(Get Free Report)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.

See Also

Earnings History for International Flavors & Fragrances (NYSE:IFF)

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