Givaudan (OTCMKTS:GVDNY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Givaudan (OTCMKTS:GVDNY) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Berenberg Bank cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a research report on Friday, January 30th. Kepler Capital Markets downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group downgraded Givaudan from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Givaudan has an average rating of “Hold”.

Givaudan Price Performance

Shares of Givaudan stock opened at $70.16 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. Givaudan has a 1 year low of $65.97 and a 1 year high of $103.39. The firm’s 50-day moving average is $70.36 and its two-hundred day moving average is $76.75.

About Givaudan

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.