It Seems International Flavors & Fragrances Inc (IFF) Will Go Up. Just Reaches 52-Week High

September 17, 2017 - By Adrian Erickson

Investors sentiment increased to 1.01 in 2016 Q4. Its up 0.11, from 0.9 in 2016Q3. It increased, as 39 investors sold International Flavors & Fragrances Inc shares while 150 reduced holdings. 54 funds opened positions while 136 raised stakes. 59.60 million shares or 0.65% more from 59.21 million shares in 2016Q3 were reported.
Panagora Asset Inc holds 19,102 shares. Metropolitan Life Insurance Commerce holds 0.04% in International Flavors & Fragrances Inc (NYSE:IFF) or 43,093 shares. Congress Asset Mgmt Ma has invested 1.01% in International Flavors & Fragrances Inc (NYSE:IFF). Pictet Asset Mngmt Ltd holds 162,126 shares. State Board Of Administration Of Florida Retirement Sys holds 125,912 shares or 0.04% of its portfolio. Massachusetts Services Ma reported 1.26 million shares. Kcg Inc holds 5,724 shares. Principal Financial holds 124,184 shares. 7,026 are owned by B And T Mngmt Dba Alpha Mngmt. Invesco Limited has 0.03% invested in International Flavors & Fragrances Inc (NYSE:IFF). Regentatlantic Cap Ltd Liability Corporation accumulated 4,136 shares. Fil holds 22,882 shares. Bluecrest Capital Management Ltd invested 0.05% in International Flavors & Fragrances Inc (NYSE:IFF). State Of Tennessee Treasury Department holds 0.02% in International Flavors & Fragrances Inc (NYSE:IFF) or 24,745 shares. Ontario Teachers Pension Plan Board invested in 31,862 shares.

Since March 16, 2017, it had 9 insider purchases, and 2 insider sales for $33.47 million activity. Shares for $2.09 million were bought by Winder Investment Pte Ltd on Wednesday, May 3. The insider Fortanet Francisco sold 300 shares worth $41,595. Another trade for 1,233 shares valued at $161,486 was made by MIRZAYANTZ NICOLAS on Monday, May 15.

The stock of International Flavors & Fragrances Inc (NYSE:IFF) hit a new 52-week high and has $153.84 target or 7.00 % above today’s $143.78 share price. The 8 months bullish chart indicates low risk for the $11.36B company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $153.84 price target is reached, the company will be worth $795.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.08% or $0.12 on September 15, reaching $143.78. About 394,296 shares traded or 17.00% up from the average. International Flavors & Fragrances Inc (NYSE:IFF) has risen 5.32% since September 17, 2016 and is uptrending. It has underperformed by 11.38% the S&P500.

Analysts await International Flavors & Fragrances Inc (NYSE:IFF) to report earnings on November, 6. They expect $1.42 earnings per share, up 5.97 % or $0.08 from last year’s $1.34 per share. IFF’s profit will be $112.19M for 25.31 P/E if the $1.42 EPS becomes a reality. After $1.50 actual earnings per share reported by International Flavors & Fragrances Inc for the previous quarter, Wall Street now forecasts -5.33 % negative EPS growth.

International Flavors & Fragrances Inc (NYSE:IFF) Ratings Coverage

Among 16 analysts covering Internationa Flavors & Fragrances (NYSE:IFF), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Internationa Flavors & Fragrances has $160 highest and $103 lowest target. $140.71’s average target is -2.14% below currents $143.78 stock price. Internationa Flavors & Fragrances had 27 analyst reports since August 11, 2015 according to SRatingsIntel. Deutsche Bank maintained International Flavors & Fragrances Inc (NYSE:IFF) on Thursday, August 10 with “Hold” rating. The stock of International Flavors & Fragrances Inc (NYSE:IFF) has “Outperform” rating given on Monday, September 19 by Bernstein. The firm has “Neutral” rating by UBS given on Tuesday, August 9. The rating was upgraded by UBS on Thursday, February 23 to “Buy”. Argus Research maintained International Flavors & Fragrances Inc (NYSE:IFF) rating on Tuesday, August 16. Argus Research has “Buy” rating and $156 target. The stock has “Underweight” rating by Barclays Capital on Monday, January 9. Stifel Nicolaus downgraded the shares of IFF in report on Monday, January 25 to “Hold” rating. The stock has “Hold” rating by Deutsche Bank on Wednesday, May 11. The firm earned “Buy” rating on Wednesday, July 20 by Berenberg. The firm has “Neutral” rating by BNP Paribas given on Friday, January 6.

More notable recent International Flavors & Fragrances Inc (NYSE:IFF) news were published by: Nasdaq.com which released: “Here’s Why You Should Hold on to International Flavors (IFF)” on September 15, 2017, also Gurufocus.com with their article: “Success Lingers for International Flavors & Fragrances” published on August 14, 2017, Thestreet.com published: “International Flavors & Fragrances: Cramer’s Top Takeaways” on April 13, 2017. More interesting news about International Flavors & Fragrances Inc (NYSE:IFF) were released by: Marketwatch.com and their article: “International Flavors to cut jobs as profit rises” published on February 15, 2017 as well as Marketwatch.com‘s news article titled: “International Flavors & Fragrances stock jumps asUBS upgrades to buy” with publication date: February 23, 2017.

International Flavors & Fragrances Inc. creates, makes and supplies flavors and fragrances used to impart or improve flavor or fragrance in a range of consumer products. The company has market cap of $11.36 billion. The Firm operates in two divisions: Flavors and Fragrances. It has a 29.01 P/E ratio. The 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.

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