In yesterday’s Wall Street session, International Flavors & Fragrances Inc. (NYSE:IFF) shares traded at $79.59, up 2.29% from the previous session.
23 analysts cover International Flavors & Fragrances Inc. (NYSE:IFF), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $135.00 and a low of $75.00, we find $108.00. Given the previous closing price of $77.81, this indicates a potential upside of 38.8 percent. IFF stock price is now -5.99% away from the 50-day moving average and -16.23% away from the 200-day moving average. The market capitalization of the company currently stands at $20.02B.
The stock has received a hold rating from 8 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $108.15 as their price target over the next twelve months.
With the price target of $84, Citigroup recently initiated with Neutral rating for International Flavors & Fragrances Inc. (NYSE: IFF).
In other news, Fauchon de Villeplee Christoph, President, Scent sold 1,972 shares of the company’s stock on May 11. The stock was sold for $170,282 at an average price of $86.35. Upon completion of the transaction, the President, Scent now directly owns 9,093 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11, EVP, Operations Fortanet Francisco sold 10,000 shares of the business’s stock. A total of $1,250,000 was realized by selling the stock at an average price of $125.00. This leaves the insider owning 17,237 shares of the company worth $1.37 million. Insiders disposed of 17,381 shares of company stock worth roughly $1.38 million over the past 1 year. A total of 0.22% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IFF stock. A new stake in International Flavors & Fragrances Inc. shares was purchased by HUDSON BAY CAPITAL MANAGEMENT LP during the first quarter worth $31,040,000. EMINENCE CAPITAL, LP invested $26,529,000 in shares of IFF during the first quarter. In the first quarter, REGAL PARTNERS LTD acquired a new stake in International Flavors & Fragrances Inc. valued at approximately $23,048,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in IFF for approximately $23,033,000. POINT72 EUROPE (LONDON) LLP purchased a new stake in IFF valued at around $18,035,000 in the second quarter. In total, there are 1,141 active investors with 93.30% ownership of the company’s stock.
On Friday morning International Flavors & Fragrances Inc. (NYSE: IFF) stock kicked off with the opening price of $78.48. During the past 12 months, International Flavors & Fragrances Inc. has had a low of $75.18 and a high of $129.20. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 1.50, and a quick ratio of 0.90. The fifty day moving average price for IFF is $84.32 and a two-hundred day moving average price translates $94.86 for the stock.
The latest earnings results from International Flavors & Fragrances Inc. (NYSE: IFF) was released for Mar, 2023. According to the Specialty Chemicals Company, earnings per share came in at $0.87, inline with analysts’ expectations of $0.87. This compares to $0.96 EPS in the same period last year. The net profit margin was -17.30% and return on equity was -11.70% for IFF. The company reported revenue of $3.03 billion for the quarter, compared to $3.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.17 percent. For the current quarter, analysts expect IFF to generate $3.08B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/11/2023. Investors who held shares on 06/23/2023 were paid a $0.81 dividend. On an annualized basis, this represents a $3.24 dividend and a 4.07% percent yield. There was an ex-dividend date of 06/22/2023 for this dividend.
International Flavors & Fragrances Inc.(IFF) Company Profile
International Flavors & Fragrances Inc., together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions. The Nourish segment offers natural and plant-based specialty food ingredients, such as flavor compounds; savory products that includes soups, sauces, meat, fish, poultry, snacks, etc.; beverages, such as juice drinks, carbonated or flavored beverages, spirits, etc.; sweets that includes bakery products, candy, cereal, chewing gum, etc.; and dairy products, such as yogurt, ice cream, cheese, etc. It also provides natural food protection ingredients consist of natural antioxidants and anti-microbials. Its Scent segment provides fragrance compounds, which include fine fragrances comprising perfumes and colognes, as well as consumer fragrances; fragrance ingredients comprising synthetic and natural ingredients that could be combined with other materials to create fragrance and consumer compounds; and cosmetic active ingredients consisting of active and functional ingredients, and delivery systems to support its customers’ cosmetic and personal care product lines. The Health & Biosciences segment develops and produces enzymes, food cultures, probiotics, and specialty ingredients for food and non-food applications. Its Pharma Solutions segment produces and sells cellulosics and seaweed-based pharma excipients. The company sells its products primarily to manufacturers of perfumes and cosmetics, hair and other personal care products, soaps and detergents, cleaning products, dairy, meat and other processed foods, beverages, snacks and savory foods, sweet and baked goods, dietary supplements, infant and elderly nutrition, functional food, and pharmaceutical excipients and oral care products. International Flavors & Fragrances Inc. was founded in 1833 and is headquartered in New York, New York.
