International Flavors & Fragrances (IFF) Receives a Hold from Mizuho Securities

Mizuho Securities analyst Chris Parkinson maintained a Hold rating on International Flavors & Fragrances (IFFResearch Report) on May 9 and set a price target of $147.00. The company’s shares closed last Tuesday at $125.50.

According to TipRanks.com, Parkinson is a 5-star analyst with an average return of 8.9% and a 59.8% success rate. Parkinson covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for International Flavors & Fragrances with a $149.25 average price target.

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Based on International Flavors & Fragrances’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.03 billion and net profit of $88 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $69 million.

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International Flavors & Fragrances, Inc. engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Taste, Scent, and Frutarom. The Taste segment is sold to the food and beverage industries for use in consumer products such as prepared foods, beverages, dairy, food, and sweet products. The Scent segment comprises of fragrance compounds, fragrance ingredients, and cosmetic active ingredients. The Frutarom segment creates and manufactures a naturals-focused suite of flavor compounds, functional foods and specialty fine ingredients, largely targeting small, local and regional customers. The company was founded in 1833 and is headquartered in New York, NY.

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