International Flavors & Fragrances Inc. (IFF) Monthly Report
Publication Date: September 22, 2024
Company Overview
International Flavors & Fragrances Inc. (IFF), headquartered in New York City, is a publicly traded leader in the specialty chemicals industry. Established in 1909, IFF specializes in the manufacturing and sale of cosmetic active ingredients and natural health products. Operating through four key segments—Nourish, Health & Biosciences, Scent, and Pharma Solutions—IFF offers a diverse product portfolio that includes natural food ingredients, fragrance compounds, and specialized pharmaceutical excipients. With a strong commitment to innovation, IFF serves clients across multiple sectors, including food and beverages, personal care, and pharmaceuticals. Currently, IFF holds a “buy” recommendation from market analysts, with a target high price of $120.00, indicating significant growth potential and investor optimism.
Financial Performance and Market Sentiment
IFF has demonstrated impressive financial health, reporting total revenues of approximately $11.31 billion. This solid performance underscores its robust operational foundation and growth potential within the Specialty Chemicals market, which remains resilient across various applications. With 255,659,008 shares outstanding and only 2,706,305 shares held short, the short interest stands at a minimal 0.0121%. This low short interest suggests a majority of shares are held by long-term investors, reflecting strong confidence in the company’s future. Currently priced at $102.23, IFF has a potential upside of around 17.3% to its target high price, while analysts have established a mean target price of $103.31 and a median price of $108.00, reinforcing a bullish stance on the stock.
Stock Performance and Outlook
The stock’s positioning relative to key moving averages indicates a positive trajectory; the current price is above the fifty-day moving average of $99.69 and near its fifty-two week high of $105.30. This suggests a favorable sentiment among investors, bolstered by the company’s strong recovery from a low of $62.28. Additionally, the range of price targets—$77.00 for the low and $120.00 for the high—along with a mean recommendation score of 2.4 from a consensus of 20 analysts, showcases a positive outlook for IFF’s stock. Overall, IFF’s combination of stable market performance, solid revenue generation, and favorable analyst sentiment positions it well for potential growth in the upcoming months.
| Metric | Value |
|---|---|
| Market Cap | $26.1b |
| Total Debt | $10.1b |
| Total Cash | $671.0m |
| Shares Outstanding | 255.7m |
| Float Shares | 255.1m |
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