Fintel reports that on August 9, 2023, Goldman Sachs downgraded their outlook for International Flavors & Fragrances (NYSE:IFF) from Buy to Neutral.
Analyst Price Forecast Suggests 71.35% Upside
As of August 2, 2023, the average one-year price target for International Flavors & Fragrances is 109.31. The forecasts range from a low of 75.75 to a high of $152.25. The average price target represents an increase of 71.35% from its latest reported closing price of 63.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for International Flavors & Fragrances is 12,728MM, an increase of 7.29%. The projected annual non-GAAP EPS is 5.88.
What is the Fund Sentiment?
There are 1448 funds or institutions reporting positions in International Flavors & Fragrances. This is a decrease of 26 owner(s) or 1.76% in the last quarter. Average portfolio weight of all funds dedicated to IFF is 0.35%, an increase of 4.23%. Total shares owned by institutions decreased in the last three months by 0.79% to 259,269K shares. The put/call ratio of IFF is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Winder Investment Pte holds 25,356K shares representing 9.94% ownership of the company. No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,896K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 7,747K shares, representing an increase of 1.89%. The firm decreased its portfolio allocation in IFF by 17.45% over the last quarter.
Massachusetts Financial Services holds 6,735K shares representing 2.64% ownership of the company. In it’s prior filing, the firm reported owning 8,980K shares, representing a decrease of 33.32%. The firm decreased its portfolio allocation in IFF by 90.41% over the last quarter.
Sachem Head Capital Management holds 6,685K shares representing 2.62% ownership of the company. In it’s prior filing, the firm reported owning 6,446K shares, representing an increase of 3.56%. The firm increased its portfolio allocation in IFF by 3.09% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 5,955K shares representing 2.33% ownership of the company. In it’s prior filing, the firm reported owning 5,936K shares, representing an increase of 0.32%. The firm decreased its portfolio allocation in IFF by 14.82% over the last quarter.
International Flavors & Fragrances Background Information
(This description is provided by the company.)
IFF uses Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, the Company puts science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products its world craves.
This article originally appeared on Fintel
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