Analyst Expect Big Moves From International Flavors & Fragrances Inc. (NYSE: IFF)


    Winder Investment Pte Ltd. recently announced the acquisition of new stake in International Flavors & Fragrances Inc. (NYSE:IFF). The institutional investor has increased its shareholding in the Basic Materials company by 16.99% to 24.13 million shares with purchase of 3.5 million shares. This fresh investment now brings its stake to 22.57% valued currently at $2.95 billion. In addition, AllianceBernstein LP raised its holdings by 0.25 million to 5.91 million shares. And BlackRock Fund Advisors has lifted its position by 1.73% or 88891.0 shares – to 5.23 million shares.

    With over 0.55 million International Flavors & Fragrances Inc. (IFF) shares trading Tuesday and a closing price of $128.55 on the day, the dollar volume was approximately $70.33 million. The shares have shown a positive weekly performance of 0.73% and its price on 07/21/20 gained nearly 0.48%. Currently, there are 112.08M common shares owned by the public and among those 106.59M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 16 analysts who have offered their price forecasts for IFF have a consensus price objective of $137.03. The analysts have set the share’s price value over the next 12 months at a high of $156.00 and a low of $111.00 should the stock experience a downside. Incidentally, analysts’ outlook for the International Flavors & Fragrances Inc. stock is 2.70 for the next 12 months. The average price target is 4.8% above its last price level and an upside to the estimated low will see the stock lose -15.81% over that period. But an upside of 17.6% will see the stock hit the forecast high price target while mean target price for the stock is $138.00.

    Insiders at the company have transacted a total of 255 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 223 of these insider trades were purchases, accounting for 3,473,862 shares. Insider sales of the common stock occurred on 32 occasions, with total insider shares sold totaling 34,992 shares.

    The top 3 mutual fund holders in International Flavors & Fragrances Inc. are Vanguard Total Stock Market Index, American Funds Investment Company, and Vanguard Mid Cap Index Fund. Vanguard Total Stock Market Index owns 3.05 million shares of the company’s stock, all valued at over $373.53 million. The company sold 30469.0 shares recently to bring their total holdings to about 2.85% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.14 million shares to bring its total holdings to over 2.59 million shares at a value of $317.47 million. Vanguard Mid Cap Index Fund now owns shares totaling to 2.42% of the shares outstanding.

    Shares of International Flavors & Fragrances Inc. (NYSE: IFF) opened at $129.25, up $1.31 from a prior closing price of $127.94. However, the script later closed the day at $128.55, up 0.48%. The company’s stock has a 5-day price change of 0.73% and 4.72% over the past three months. IFF shares are trading -0.84% year to date (YTD), with the 12-month market performance down to -9.95% lower. It has a 12-month low price of $92.14 and touched a high of $147.20 over the same period. Currently, 0.55 million shares have been traded, compared to an average intraday trading volume of 911.04K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.56%, -0.19%, and 1.72% respectively.

    Institutional ownership of International Flavors & Fragrances Inc. (NYSE: IFF) shares accounts for 99.60% of the company’s 112.08M shares outstanding. Mutual fund holders own 39.00%, while other institutional holders and individual stakeholders account for 60.00% and 31.22% respectively.

    It has a market capitalization of $13.53B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 30.98, while the earnings-per-share (ttm) stands at $4.13. The company has a PEG of 16.30 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.06% over the week and 2.57% over the month.

    Analysts forecast that International Flavors & Fragrances Inc. (IFF) will achieve an EPS of $1.3 for the current quarter, $1.45 for the next quarter and $6.34 for 2021. The lowest estimate earnings-per-share for the quarter is $1.22 while analysts give the company a high EPS estimate of $1.38. Comparatively, EPS for the current quarter was $1.61 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.90%, and 9.59% over the next financial year. EPS should grow at an annualized rate of 1.90% over the next five years, compared to -4.60% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 16 brokerage firm advisors rate International Flavors & Fragrances Inc. (IFF) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 6 of the 16 advise that investors “hold,” and 3 rated it as a “Sell.”

    Looking at the support for the IFF, a number of firms have released research notes about the stock. Stephens stated their Overweight rating for the stock in a research note on July 10, 2020, with the firm’s price target at $150. Exane BNP Paribas coverage for the International Flavors & Fragrances Inc. (IFF) stock in a research note released on June 22, 2020 offered a Underperform rating with a price target of $111. Wells Fargo was of a view on April 29, 2020 that the stock is Overweight, while Exane BNP Paribas gave the stock Neutral rating on April 06, 2020, issuing a price target of $110. Societe Generale on their part issued Sell rating on December 16, 2019.


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