StockNews.com Upgrades International Flavors & Fragrances to

On a recent trading day, research firm StockNews.com announced an upgrade of International Flavors & Fragrances IFF from a 'sell' to a 'hold' rating, indicating a shift in their perspective on the company's stock outlook. International Flavors & Fragrances, a leading global creator of flavors and fragrances used in a wide variety of consumer products, has been the subject of market analysts' reviews with a current consensus rating of 'Hold'.

Analyst Ratings and Price Targets

Before the upgrade by StockNews.com, other analysts had also issued reports on IFF. Barclays previously reduced their price target on IFF from $60.00 to $57.00, maintaining an 'underweight' rating. Conversely, Credit Suisse Group decreased their price target on the stock from $110.00 to $95.00 but still recommended an 'outperform' rating. Additionally, Mizuho slashed their target from $105.00 to $70.00, and Deutsche Bank Aktiengesellschaft reduced their price target to $85.00, albeit preserving a 'buy' rating for the stock.

Current Stock Performance

The day the upgrade was announced, IFF traded at $71.74. The stock has experienced fluctuations over the year, reaching a low of $62.11 and a high of $118.34. With a market capitalization of approximately $18.31 billion, IFF maintains a trailing price-to-earnings (P/E) ratio of 398.56 and a price-to-earnings-growth (PEG) ratio of 5.58, reflecting the market's growth expectations. The fifty-day and two-hundred-day moving averages are $67.75 and $75.25, respectively, which help indicate the stock's recent performance trends.

Company's Financial Results

In its latest quarterly earnings report, IFF reported earnings per share (EPS) of $0.89, surpassing consensus estimates by $0.14. This performance was amidst $2.82 billion in revenue for the quarter, which was slightly above expectations. However, comparing year-over-year results, revenue decreased by 7.9%, and net margin stood at a modest 0.40%. The return on equity for IFF was recorded at 5.22%. Analysts project an EPS of 3.36 for the current fiscal year.

Institutional Investments

Institutional investors have been adjusting their holdings of IFF, with various funds reported to have increased or decreased their stakes. Large investment entities like American Century Companies Inc., Cambridge Investment Research Advisors Inc., and Vontobel Holding Ltd. saw changes in their shares held, showcasing active management of positions in this stock within the financial industry.

About International Flavors & Fragrances

IFF operates globally, delivering ingredients for consumer products across diverse categories like Nourish, Scent, Health & Biosciences, and Pharma Solutions. The company's products have applications in foods, beverages, personal care, and pharmaceuticals, cementing its role as a key player in its industry.

Upgrade, Hold, Performance