Evercore ISI Group Initiates Coverage On International Flavors & Fragrances Inc to Hold

Evercore ISI Group Initiates Coverage On International Flavors & Fragrances Inc(IFF). The shares have been rated Hold. The rating by the stock financial advisor at Evercore ISI Group was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 9, 2017, Barclays said it Downgrades its rating on International Flavors & Fragrances Inc. According to the research note, Barclays Lowers the price target to $103 per share from a prior target of $133. The shares have been rated ‘Underweight’ by the firm.

International Flavors & Fragrances Inc (IFF) made into the market gainers list on Wednesdays trading session with the shares advancing 0.83% or 1.01 points. Due to strong positive momentum, the stock ended at $122.63, which is also near the day’s high of $122.83. The stock began the session at $121.59 and the volume stood at 5,63,562 shares. The 52-week high of the shares is $143.64 and the 52 week low is $102.31. The company has a current market capitalization of $9,740 M and it has 7,94,23,806 shares in outstanding.

International Flavors & Fragrances Inc(IFF) last announced its earnings results on Nov 7, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $777.00M. Analysts had an estimated revenue of $785.05M. Earnings per share were $1.34. The reported EPS was above estimates by $0.07 or NaN%. Analysts had estimated an EPS of $1.41.

Several Insider Transactions has been reported to the SEC. On Dec 19, 2016, Nicolas Mirzayantz (Group President Fragrance) sold 2,945 shares at $118.48 per share price.Also, On Oct 22, 2015, Francisco Fortanet (EVP, Operations) sold 1,150 shares at $113.42 per share price.On Oct 14, 2015, Ahmet Baydar (EVP, Research & Development) sold 1,700 shares at $109.31 per share price, according to the Form-4 filing with the securities and exchange commission.

International Flavors & Fragrances Inc. (IFF) creates manufactures and supplies flavors and fragrances for the food beverage personal care and household products industries either in the form of compounds or individual ingredients. The company operates in two segments: Flavors and Fragrances. Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products such as prepared foods beverages dairy food and sweet products. Fragrances segment offers fragrance compounds including fine and fragrance ingredients. The Company’s products are sold principally to manufacturers of perfumes and cosmetics hair and other personal care products soaps and detergents cleaning products dairy meat and other processed foods beverages snacks and savory foods sweet and baked goods and pharmaceutical and oral care products.

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