International Flavors & Fragrances (NYSE:IFF).
Thornburg Investment Management Inc reports that it lowered its stake in International Flavors & Fragrances by 36,182 shares in the last quarter. Its investment was valued at $50,698,000 a decrease of $2,079,000 according to the filing.
Several firms have updated their holdings. As of the end of the quarter Great Lakes Advisors, LLC had sold 23 shares trimming its stake by 0.3%. The value in dollars increased from $941,000 to $993,000 a change of $52,000 for the reporting period. As of quarter end Tredje Ap-fonden had disposed of a total of 7,230 shares trimming its holdings by 44.7%. The value of the company’s investment in International Flavors & Fragrances went from $2,192,000 to $1,282,000 a change of 41.5% quarter over quarter.
Raymond James & Associates augmented its ownership by buying 1,603 shares an increase of 2.4%. Raymond James & Associates currently owns 68,594 shares valued at $9,803,000. The value of the position overall is up by 8.4%.
Equity analyst KeyCorp raised the price target on October 16 boosting the projection from $148.00 to $156.00 and issued a “Overweight” rating. On October 4 KeyCorp held the company rating at “Buy” projecting a price of $148.00.
August 24 investment analysts at KeyCorp held the stock rating at “Buy” targeting a price of $148.00. August 11 investment analysts at Barclays PLC made no change to the stock rating of “Sell” with a current price target of $123.00.
August 10 investment analysts at Deutsche Bank AG kept the stock rating at “Hold” projecting a price of $139.00.
The company is down by 1.21% percent from yesterday’s close. The most current P/E ratio is 28.49 and market cap is 11.75B. In the last earnings report the EPS was $5.22 with 78.98M shares now outstanding.
Traders are more bullish on International Flavors & Fragrances of late as evidenced by the motion in short interest. The firm saw a fall in short interest of -10.16% as of October 31, 2017 from the last reporting period. Short shares fell 145,926 over that period. Days to cover increased from 5.0 to 6.0 and the short interest percentage is 0.02% as of October 31.