ValuEngine Downgrades International Flavors & Fragrances (IFF) to Sell

International Flavors & Fragrances (NYSE:IFF) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Other equities analysts also recently issued reports about the stock. Sanford C. Bernstein set a $155.00 target price on shares of International Flavors & Fragrances and gave the stock a “buy” rating in a research note on Thursday, May 10th. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research note on Wednesday, April 18th. Stifel Nicolaus dropped their target price on shares of International Flavors & Fragrances to $147.00 and set a “hold” rating for the company in a research note on Tuesday, May 8th. Deutsche Bank dropped their target price on shares of International Flavors & Fragrances from $135.00 to $124.00 and set a “hold” rating for the company in a research note on Tuesday, May 8th. Finally, JPMorgan Chase raised shares of International Flavors & Fragrances from an “underweight” rating to a “neutral” rating and set a $130.00 target price for the company in a research note on Tuesday, May 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $147.56.

Shares of International Flavors & Fragrances opened at $125.07 on Wednesday, Marketbeat.com reports. International Flavors & Fragrances has a 12-month low of $123.22 and a 12-month high of $125.00. The stock has a market cap of $9.79 billion, a P/E ratio of 21.23, a PEG ratio of 2.21 and a beta of 1.12. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.94.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 7th. The specialty chemicals company reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.10. International Flavors & Fragrances had a net margin of 8.83% and a return on equity of 27.89%. The company had revenue of $930.93 million during the quarter, compared to the consensus estimate of $911.57 million. During the same period in the previous year, the firm posted $1.52 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. equities research analysts expect that International Flavors & Fragrances will post 6.24 EPS for the current fiscal year.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 50,000 shares of the stock in a transaction dated Thursday, March 22nd. The stock was bought at an average price of $134.17 per share, for a total transaction of $6,708,500.00. Following the transaction, the insider now directly owns 10,470,193 shares in the company, valued at $1,404,785,794.81. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anne Chwat sold 3,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $125.90, for a total transaction of $377,700.00. Following the sale, the executive vice president now owns 34,561 shares of the company’s stock, valued at approximately $4,351,229.90. The disclosure for this sale can be found here. In the last quarter, insiders have bought 780,727 shares of company stock valued at $101,953,411. 0.48% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Winder Investment Pte Ltd grew its position in shares of International Flavors & Fragrances by 1.5% during the 1st quarter. Winder Investment Pte Ltd now owns 10,574,597 shares of the specialty chemicals company’s stock worth $1,447,768,000 after buying an additional 154,404 shares during the period. BlackRock Inc. grew its holdings in International Flavors & Fragrances by 0.8% during the first quarter. BlackRock Inc. now owns 5,331,502 shares of the specialty chemicals company’s stock valued at $729,935,000 after purchasing an additional 41,796 shares during the period. Wells Fargo & Company MN grew its holdings in International Flavors & Fragrances by 11.8% during the first quarter. Wells Fargo & Company MN now owns 1,533,410 shares of the specialty chemicals company’s stock valued at $209,939,000 after purchasing an additional 161,663 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings in International Flavors & Fragrances by 9.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,075,941 shares of the specialty chemicals company’s stock valued at $164,200,000 after purchasing an additional 92,050 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in International Flavors & Fragrances by 9.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 929,981 shares of the specialty chemicals company’s stock valued at $141,924,000 after purchasing an additional 81,862 shares during the period. Institutional investors own 84.03% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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