Citi Reaffirms Their Buy Rating on International Flavors & Fragrances (IFF)
In a report released yesterday, Patrick Cunningham from Citi reiterated a Buy rating on International Flavors & Fragrances, with a price target of $77.00. The company’s shares closed yesterday at $65.62.
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Cunningham covers the Basic Materials sector, focusing on stocks such as Linde, LyondellBasell, and Ecolab. According to TipRanks, Cunningham has an average return of -1.0% and a 44.44% success rate on recommended stocks.
International Flavors & Fragrances has an analyst consensus of Moderate Buy, with a price target consensus of $78.47, which is a 19.58% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $89.00 price target.
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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