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

Cfra lowered shares of International Flavors & Fragrances (NYSE:IFF) from a buy rating to a sell rating in a research note issued to investors on Thursday morning, Marketbeat.com reports. Cfra currently has $77.00 price target on the specialty chemicals company’s stock.

Other analysts also recently issued reports about the company. 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 report on Thursday, November 7th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Friday, November 8th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Citigroup decreased their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Finally, Barclays decreased their price target on 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Stock Down 2.1 %

IFF stock opened at $80.24 on Thursday. International Flavors & Fragrances has a twelve month low of $72.94 and a twelve month high of $106.77. 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’s 50 day moving average is $84.86 and its 200-day moving average is $93.55. The firm has a market capitalization of $20.51 billion, a PE ratio of 85.36, a P/E/G ratio of 1.48 and a beta of 1.19.

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

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently made changes to their positions in the stock. Dodge & Cox boosted its holdings in shares of International Flavors & Fragrances by 11.9% in the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after acquiring an additional 3,355,381 shares during the period. Vanguard Group Inc. boosted its stake in International Flavors & Fragrances by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock valued at $2,554,996,000 after buying an additional 164,945 shares during the period. Freemont Capital Pte Ltd bought a new stake in International Flavors & Fragrances during the fourth quarter valued at $2,143,882,000. State Street Corp boosted its stake in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after buying an additional 196,696 shares during the period. Finally, Geode Capital Management LLC boosted its stake in International Flavors & Fragrances by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock valued at $520,032,000 after buying an additional 157,948 shares during the period. 96.02% of the stock is owned by institutional investors.

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.