Zacks Investment Research Upgrades Givaudan (OTCMKTS:GVDNY) to “Buy”

Givaudan (OTCMKTS:GVDNY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday, reports. The brokerage currently has a $94.00 price objective on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.21% from the company’s previous close.

According to Zacks, “Givaudan SA operates as the manufacturer and supplier of fragrance and flavor products offering its products to global, regional and local food, beverage, consumer goods and fragrance companies. Its Flavour division has four business units: Beverages, Dairy, Savoury and Sweet Goods and its product range includes TasteEssential, TasteSolutions, ByNature and PureDelivery. The Fragrance Division has three business units: Fine Fragrances, Consumer Products and Fragrance Ingredients. Givaudan fragrances can be experienced in the top brands of shampoos, soaps, deodorants, body lotions, candles, air fresheners, laundry detergents and fabric softeners. Givaudan SA is headquartered in Vernier, Switzerland. “

A number of other equities analysts have also recently issued reports on GVDNY. Liberum Capital cut Givaudan from a “buy” rating to a “hold” rating in a report on Thursday, January 7th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Givaudan in a report on Thursday, April 1st. UBS Group restated a “buy” rating on shares of Givaudan in a research report on Friday, April 9th. Credit Suisse Group reissued an “underperform” rating on shares of Givaudan in a research note on Monday, February 1st. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Givaudan in a report on Monday, April 12th. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $94.00.

Shares of GVDNY stock opened at $83.77 on Monday. The firm’s 50 day moving average price is $80.86 and its two-hundred day moving average price is $81.24. The stock has a market cap of $38.67 billion, a PE ratio of 55.11 and a beta of 0.45. Givaudan has a 52-week low of $65.83 and a 52-week high of $89.88.

About Givaudan

Givaudan SA, together with its subsidiaries, manufactures, supplies, and sells fragrance, beauty, flavor, and wellbeing products to the consumer goods industries. The company operates through two divisions, Fragrance & Beauty and Taste & Wellbeing. The Fragrance & Beauty division provides fine fragrances, consumer products, and fragrance ingredients and active beauty products.

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