International Flavors & Fragrances Inc (IFF) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 124 from a previous price target of $115 . Deutsche Bank advised their investors in a research report released on May 11, 2016.
On the company’s financial health, International Flavors & Fragrances Inc reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 9, 2016. Analyst had a consensus of $1.40. The company had revenue of $783.30 million for the quarter, compared to analysts expectations of $772.11 million. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS.
International Flavors & Fragrances Inc opened for trading at $122 and hit $127.53 on the upside on Tuesday, eventually ending the session at $126.24, with a gain of 5.30% or 6.35 points. The heightened volatility saw the trading volume jump to 18,45,540 shares. Company has a market cap of $10,063 M.
In a different news, on Apr 19, 2016, Nicolas Mirzayantz (Group President Fragrance) sold 2,194 shares at $119.31 per share price. According to the SEC, 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.