International Flavors & Fragrances (NYSE:IFF) Downgraded by StockNews.com

StockNews.com downgraded shares of International Flavors & Fragrances (NYSE:IFFGet Rating) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

IFF has been the subject of several other reports. Bank of America cut their price target on shares of International Flavors & Fragrances from $155.00 to $136.00 in a report on Tuesday, October 11th. Credit Suisse Group cut their price target on shares of International Flavors & Fragrances from $145.00 to $130.00 and set an outperform rating for the company in a report on Tuesday, November 8th. JPMorgan Chase & Co. cut shares of International Flavors & Fragrances from an overweight rating to a neutral rating and cut their price target for the stock from $125.00 to $96.00 in a report on Wednesday, November 9th. Wells Fargo & Company lowered their target price on shares of International Flavors & Fragrances from $107.00 to $105.00 and set an overweight rating on the stock in a research report on Wednesday, November 9th. Finally, Mizuho lowered their target price on shares of International Flavors & Fragrances from $145.00 to $116.00 and set a neutral rating on the stock in a research report on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $123.69.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $106.74 on Tuesday. The company has a 50-day simple moving average of $95.18 and a 200-day simple moving average of $111.00. International Flavors & Fragrances has a one year low of $83.14 and a one year high of $151.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.79. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of -15.51, a PEG ratio of 3.76 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFFGet Rating) last announced its earnings results on Monday, November 7th. The specialty chemicals company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.06. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. International Flavors & Fragrances had a negative net margin of 13.91% and a positive return on equity of 7.31%. On average, analysts predict that International Flavors & Fragrances will post 5.6 EPS for the current year.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its position in International Flavors & Fragrances by 81.9% during the second quarter. Illinois Municipal Retirement Fund now owns 4,977 shares of the specialty chemicals company’s stock worth $593,000 after acquiring an additional 2,241 shares during the last quarter. KBC Group NV boosted its position in International Flavors & Fragrances by 1.8% during the second quarter. KBC Group NV now owns 16,147 shares of the specialty chemicals company’s stock worth $1,923,000 after acquiring an additional 287 shares during the last quarter. US Bancorp DE boosted its position in International Flavors & Fragrances by 3.3% during the second quarter. US Bancorp DE now owns 19,923 shares of the specialty chemicals company’s stock worth $2,373,000 after acquiring an additional 643 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in International Flavors & Fragrances by 12.0% during the second quarter. Ensign Peak Advisors Inc now owns 903,370 shares of the specialty chemicals company’s stock worth $107,611,000 after acquiring an additional 96,507 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in International Flavors & Fragrances by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,059 shares of the specialty chemicals company’s stock worth $4,473,000 after acquiring an additional 2,112 shares during the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.

International Flavors & Fragrances Company Profile

(Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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