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International Flavors & Fragrances (IFF) Receives a Buy from Argus Research

Tipranks - Fri Jan 23, 4:48PM CST

Argus Research analyst Alexandra Yates maintained a Buy rating on International Flavors & Fragrances yesterday and set a price target of $80.00. The company’s shares closed today at $71.30.

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According to TipRanks, Yates is a 4-star analyst with an average return of 35.0% and an 81.25% success rate. Yates covers the Basic Materials sector, focusing on stocks such as Alcoa, Ashland, and International Flavors & Fragrances.

In addition to Argus Research, International Flavors & Fragrances also received a Buy from Barclays’s Lauren Lieberman in a report issued on January 20. However, on January 12, UBS maintained a Hold rating on International Flavors & Fragrances (NYSE: IFF).

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 45 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. Last 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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