International Flavors & Fragrances (NYSE:IFF) Cut to Sell at Cfra

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

Several other research firms have also recently weighed in on IFF. Citigroup reduced their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Oppenheimer decreased their price target on shares of International Flavors & Fragrances from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Friday, November 8th. UBS Group raised their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Price Performance

IFF stock opened at $79.92 on Thursday. The stock has a market cap of $20.43 billion, a price-to-earnings ratio of 85.02, a P/E/G ratio of 1.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a 50 day simple moving average of $84.71 and a 200 day simple moving average of $93.43. International Flavors & Fragrances has a 1 year low of $72.94 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. Research analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its holdings in shares of International Flavors & Fragrances by 7.6% during the fourth quarter. Mackenzie Financial Corp now owns 22,840 shares of the specialty chemicals company’s stock valued at $1,931,000 after purchasing an additional 1,621 shares during the period. Forum Financial Management LP raised its stake in International Flavors & Fragrances by 58.8% during the 4th quarter. Forum Financial Management LP now owns 3,907 shares of the specialty chemicals company’s stock worth $330,000 after buying an additional 1,446 shares during the period. Castlekeep Investment Advisors LLC bought a new position in International Flavors & Fragrances in the fourth quarter worth approximately $415,000. Toronto Dominion Bank grew its stake in International Flavors & Fragrances by 8.3% in the fourth quarter. Toronto Dominion Bank now owns 136,779 shares of the specialty chemicals company’s stock valued at $11,565,000 after acquiring an additional 10,522 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $1,916,000. 96.02% of the stock is owned by institutional investors.

About International Flavors & Fragrances

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.