Robert W. Baird analyst Ghansham Panjabi maintained a Buy rating on International Flavors & Fragrances (IFF – Research Report) on June 22 and set a price target of $160.00. The company’s shares closed last Monday at $119.76.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.4% and a 55.9% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
Currently, the analyst consensus on International Flavors & Fragrances is a Moderate Buy with an average price target of $138.44, which is a 13.4% upside from current levels. In a report released today, Credit Suisse also initiated coverage with a Buy rating on the stock with a $145.00 price target.
International Flavors & Fragrances’ market cap is currently $30.94B and has a P/E ratio of 55.78.
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International Flavors & Fragrances, Inc. engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Taste, Scent, and Frutarom. The Taste segment is sold to the food and beverage industries for use in consumer products such as prepared foods, beverages, dairy, food, and sweet products. The Scent segment comprises of fragrance compounds, fragrance ingredients, and cosmetic active ingredients. The Frutarom segment creates and manufactures a naturals-focused suite of flavor compounds, functional foods and specialty fine ingredients, largely targeting small, local and regional customers. The company was founded in 1833 and is headquartered in New York, NY.
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