StockNews.com Upgrades International Flavors & Fragrances (NYSE:IFF) to “Hold”

International Flavors & Fragrances (NYSE:IFFGet Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also recently weighed in on the stock. Barclays dropped their target price on shares of International Flavors & Fragrances from $60.00 to $57.00 and set an “underweight” rating on the stock in a research note on Thursday, October 12th. Credit Suisse Group lowered their target price on shares of International Flavors & Fragrances from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Mizuho lowered their target price on shares of International Flavors & Fragrances from $105.00 to $70.00 in a research note on Thursday, August 10th. The Goldman Sachs Group cut shares of International Flavors & Fragrances from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $120.00 to $78.00 in a research note on Wednesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of International Flavors & Fragrances from $110.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus target price of $78.80.

View Our Latest Report on IFF

International Flavors & Fragrances Trading Up 0.3 %

IFF opened at $71.74 on Friday. International Flavors & Fragrances has a 1-year low of $62.11 and a 1-year high of $118.34. The company has a current ratio of 1.74, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. The company has a market cap of $18.31 billion, a P/E ratio of 398.56, a price-to-earnings-growth ratio of 5.58 and a beta of 1.16. The company has a fifty day moving average price of $67.75 and a two-hundred day moving average price of $75.25.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last posted its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.14. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.76 billion. International Flavors & Fragrances had a net margin of 0.40% and a return on equity of 5.22%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. Analysts predict that International Flavors & Fragrances will post 3.36 EPS for the current fiscal year.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently modified their holdings of the stock. Fairfield Bush & CO. increased its stake in International Flavors & Fragrances by 11.7% during the 1st quarter. Fairfield Bush & CO. now owns 4,791 shares of the specialty chemicals company’s stock valued at $629,000 after purchasing an additional 500 shares in the last quarter. American Century Companies Inc. grew its position in International Flavors & Fragrances by 19.8% during the first quarter. American Century Companies Inc. now owns 3,380 shares of the specialty chemicals company’s stock valued at $444,000 after buying an additional 558 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in International Flavors & Fragrances by 10.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844 shares of the specialty chemicals company’s stock valued at $767,000 after buying an additional 574 shares during the period. Raymond James Trust N.A. grew its position in International Flavors & Fragrances by 2.4% during the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after buying an additional 90 shares during the period. Finally, Vontobel Holding Ltd. grew its position in International Flavors & Fragrances by 31.5% during the first quarter. Vontobel Holding Ltd. now owns 3,684 shares of the specialty chemicals company’s stock valued at $483,000 after buying an additional 883 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

(Get Free Report)

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 four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.

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

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