IFF's Focus On Health And Environment Set To Drive Stock Momentum, Says Analyst
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 07 2024
0mins
Source: Business Insider
- Analyst Coverage Initiation: Oppenheimer & Co. Inc. analyst initiates coverage on International Flavors & Fragrances Inc. (NYSE:IFF) with an Outperform rating and a price target of $116.
- Company Analysis: IFF aligns with consumer trends towards health and environmental consciousness, focusing on meaningful molecules.
- Portfolio Rationalization: Potential significant shift in shareholder base as the company's portfolio rationalization drives improved return on invested capital (ROIC) and strengthens the balance sheet.
- Transformation Progress: IFF progresses into the third phase of transformation with positive momentum, poised for further growth through execution and balance sheet achievements.
- Financial Estimates and Investment Opportunities: Analyst estimates adjusted EPS for FY24-FY26 and suggests exposure to IFF stock through specific ETFs.
Analyst Views on IFF
Wall Street analysts forecast IFF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IFF is 80.66 USD with a low forecast of 68.00 USD and a high forecast of 89.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 72.160
Low
68.00
Averages
80.66
High
89.00
Current: 72.160
Low
68.00
Averages
80.66
High
89.00
About IFF
International Flavors & Fragrances Inc. is a creator and manufacturer of food, beverage, health and biosciences, scent, and complementary adjacent products. The Company's segment includes Taste, Food Ingredients, Health & Biosciences, and Scent. The Taste segment consists of a range of flavor compounds and natural taste solutions used in food and beverage applications. The Food Ingredients segment includes a broad portfolio of natural and plant-based specialty ingredients that provide texturizing and food protection capabilities, as well as soy and pea protein solutions, emulsifiers, and sweeteners. Its Health & Biosciences segment consists of the development and production of an advanced biotechnology-derived portfolio of enzymes, food cultures, probiotics and specialty ingredients for food and non-food applications. Its Scent segment creates fragrance compounds and fragrance ingredients that are integral elements in perfumes and household and personal care products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
