International Flavors & Fragrances (NYSE:IFF) Raised to Hold at Wall Street Zen

International Flavors & Fragrances (NYSE:IFF) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other brokerages also recently weighed in on IFF. BNP Paribas lowered their target price on shares of International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Bank of America lowered their price objective on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Argus lowered their price target on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.02.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $67.97 on Friday. The stock’s 50-day moving average is $65.79 and its 200 day moving average is $67.29. International Flavors & Fragrances has a 1-year low of $59.14 and a 1-year high of $88.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The company has a market cap of $17.41 billion, a P/E ratio of -41.96, a PEG ratio of 2.60 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Research analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Institutional Trading of International Flavors & Fragrances

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in International Flavors & Fragrances by 32.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock worth $8,367,000 after buying an additional 27,166 shares during the last quarter. Compagnie Lombard Odier SCmA raised its holdings in shares of International Flavors & Fragrances by 23.0% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock worth $9,682,000 after acquiring an additional 24,607 shares during the period. Clarkston Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at about $11,939,000. Exchange Traded Concepts LLC boosted its position in shares of International Flavors & Fragrances by 1,831.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 16,338 shares of the specialty chemicals company’s stock valued at $1,202,000 after acquiring an additional 15,492 shares during the last quarter. Finally, Creative Planning increased its position in International Flavors & Fragrances by 347.5% during the second quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock worth $6,277,000 after purchasing an additional 66,273 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.