NEW YORK (

TheStreet

) --

International Flavors & Fragrances

(NYSE:

IFF

) hit a new 52-week high Wednesday as it traded at $61.89 compared with its previous 52-Week high of $61.66. International Flavors & Fragrances is changing hands at $61.89 with 7,369 shares traded as of 9:32 a.m. ET. Average volume has been 738,100 shares over the past 30 days.

International Flavors & Fragrances has a market cap of $4.9 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 10.5% year to date as of the close of trading on Tuesday.

International Flavors & Fragrances Inc., together with its subsidiaries, creates, manufactures, and sells flavor and fragrance products in the United States and internationally. The company operates in two segments, Flavors and Fragrances. The company has a P/E ratio of 18.6, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates International Flavors & Fragrances as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, notable return on equity and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

International Flavors & Fragrances Ratings Report

.

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