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

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

A number of other brokerages have also recently weighed in on IFF. UBS Group lifted their price target on shares of International Flavors & Fragrances from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Mizuho cut their target price on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Bank of America lowered their price target 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. Finally, Morgan Stanley cut their price objective on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, September 22nd. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.02.

International Flavors & Fragrances Price Performance

IFF stock opened at $67.97 on Friday. International Flavors & Fragrances has a 52-week low of $59.14 and a 52-week high of $88.09. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of -41.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.04. The business has a fifty day moving average of $65.79 and a two-hundred day moving average of $67.29.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IFF. Banque Transatlantique SA purchased a new stake in International Flavors & Fragrances during the 1st quarter worth about $32,000. True Wealth Design LLC boosted its stake in shares of International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 493 shares during the period. American National Bank & Trust grew its position in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 479 shares in the last quarter. Elkhorn Partners Limited Partnership increased its stake in shares of International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 400 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.