MANE (NYSE:MANE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MANE (NYSE:MANE) has received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $100.00.

A number of analysts have weighed in on MANE shares. Zacks Research raised MANE to a “hold” rating in a research report on Tuesday, March 3rd. Wall Street Zen raised MANE to a “hold” rating in a research report on Sunday, February 15th. Jefferies Financial Group started coverage on MANE in a research report on Monday, March 2nd. They issued a “buy” rating and a $75.00 price target for the company. Citigroup boosted their price target on MANE from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Leerink Partners boosted their price target on MANE from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd.

MANE Trading Up 1.2%

Shares of MANE stock opened at $100.88 on Tuesday. The stock’s fifty day moving average is $74.84. MANE has a 12-month low of $32.00 and a 12-month high of $117.71.

MANE (NYSE:MANE) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($1.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.76).

MANE Company Profile

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.