International Flavors & Fragrances (NYSE:IFF) Lowered to Sell Rating by Cfra

Cfra downgraded shares of International Flavors & Fragrances (NYSE:IFF) from a buy rating to a sell rating in a report published on Thursday, Marketbeat Ratings reports. They currently have $77.00 price target on the specialty chemicals company’s stock.

A number of other equities analysts have also recently issued reports on IFF. Barclays lowered their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Oppenheimer decreased their price target on International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Thursday, November 7th. Finally, Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $80.24 on Thursday. International Flavors & Fragrances has a 12-month low of $72.94 and a 12-month high of $106.77. The business has a 50-day simple moving average of $84.86 and a two-hundred day simple moving average of $93.55. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.51 billion, a PE ratio of 85.36, a PEG ratio of 1.48 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Analysts anticipate that International Flavors & Fragrances will post 4.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IFF. Blue Trust Inc. boosted its holdings in International Flavors & Fragrances by 76.6% in the third quarter. Blue Trust Inc. now owns 3,329 shares of the specialty chemicals company’s stock worth $349,000 after acquiring an additional 1,444 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in International Flavors & Fragrances by 196.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 37,910 shares of the specialty chemicals company’s stock worth $3,978,000 after acquiring an additional 25,107 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in International Flavors & Fragrances in the third quarter worth approximately $226,000. Signaturefd LLC boosted its holdings in International Flavors & Fragrances by 3.7% in the third quarter. Signaturefd LLC now owns 4,608 shares of the specialty chemicals company’s stock worth $484,000 after acquiring an additional 165 shares in the last quarter. Finally, Eastern Bank bought a new position in International Flavors & Fragrances in the third quarter worth approximately $46,000. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

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: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.