International Flavors & Fragrances (NYSE:IFF) Downgraded by Cfra to "Sell"

Cfra downgraded shares of International Flavors & Fragrances (NYSE:IFF - Free Report) from a buy rating to a sell rating in a research report report published on Thursday morning, MarketBeat.com reports. Cfra currently has $77.00 price objective on the specialty chemicals company's stock.

Several other equities analysts have also recently weighed in on the company. Bank of America raised 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. Oppenheimer decreased their target price on International Flavors & Fragrances from $117.00 to $114.00 and set an "outperform" rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Finally, Vertical Research raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and set a $109.00 target price on the stock in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and a consensus price target of $103.50.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded down $0.22 during midday trading on Thursday, hitting $79.92. 1,571,210 shares of the stock traded hands, compared to its average volume of 1,501,512. The firm has a 50-day moving average of $84.71 and a two-hundred day moving average of $93.45. The firm has a market capitalization of $20.43 billion, a P/E ratio of 85.02, a PEG ratio of 1.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances has a one year low of $72.94 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, equities analysts forecast that International Flavors & Fragrances will post 4.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $32,000. Point72 Hong Kong Ltd purchased a new position in shares of International Flavors & Fragrances during the third quarter valued at about $42,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $34,000. Eastern Bank purchased a new position in shares of International Flavors & Fragrances during the third quarter valued at about $46,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of International Flavors & Fragrances during the third quarter valued at about $48,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

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.