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

International Flavors & Fragrances (NYSE:IFF) was downgraded by equities research analysts at Cfra from a “buy” rating to a “sell” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports. They currently have a $77.00 price objective on the specialty chemicals company’s stock. Cfra’s price objective points to a potential downside of 6.08% from the stock’s current price.

IFF has been the subject of several other research reports. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. Barclays reduced their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Finally, UBS Group lifted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Two research 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.57.

International Flavors & Fragrances Stock Down 5.2 %

Shares of International Flavors & Fragrances stock opened at $81.99 on Thursday. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a 50 day moving average of $85.02 and a 200 day moving average of $93.64. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $20.96 billion, a P/E ratio of 87.22, a P/E/G ratio of 1.56 and a beta of 1.19.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.64%. As a group, research analysts forecast that International Flavors & Fragrances will post 4.35 EPS for the current fiscal year.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors have recently bought and sold shares of the company. Integrated Advisors Network LLC boosted its position in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after purchasing an additional 107 shares in the last quarter. UMB Bank n.a. boosted its position in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares in the last quarter. Huntington National Bank boosted its position in shares of International Flavors & Fragrances by 3.1% during the 3rd quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock worth $430,000 after purchasing an additional 124 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of International Flavors & Fragrances by 4.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after purchasing an additional 124 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after purchasing an additional 129 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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.