Givaudan (OTCMKTS:GVDNY) Downgraded by Kepler Capital Markets to “Hold”

Kepler Capital Markets lowered shares of Givaudan (OTCMKTS:GVDNY) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Berenberg Bank cut Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a research report on Tuesday, February 3rd. The Goldman Sachs Group cut Givaudan from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a research report on Friday, January 30th. Finally, Zacks Research cut Givaudan from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Givaudan currently has an average rating of “Hold”.

Givaudan Price Performance

Shares of OTCMKTS:GVDNY opened at $68.35 on Wednesday. The stock’s 50-day simple moving average is $70.53 and its two-hundred day simple moving average is $77.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13. Givaudan has a 52-week low of $65.97 and a 52-week high of $103.39.

Givaudan Company Profile

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.