Jefferies Sticks to Its Buy Rating for International Flavors & Fragrances (IFF)
Jefferies analyst Laurence Alexander maintained a Buy rating on International Flavors & Fragrances today and set a price target of $89.00.
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According to TipRanks, Alexander is an analyst with an average return of -1.9% and a 44.94% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Albemarle, Ecolab, and Nutrien.
Currently, the analyst consensus on International Flavors & Fragrances is a Moderate Buy with an average price target of $78.19.
Based on International Flavors & Fragrances’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.69 billion and a net profit of $40 million. In comparison, last year the company earned a revenue of $2.93 billion and had a net profit of $59 million
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IFF in relation to earlier this year. Earlier this month, Landsman Stephen N, the EVP & GC of IFF bought 3,100.00 shares for a total of $196,788.00.
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