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International Flavors and Fragrances Delivers Strong 3Q17 Results

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Part 5
International Flavors and Fragrances Delivers Strong 3Q17 Results PART 5 OF 5

How Wall Street Views International Flavors and Fragrances

Analysts’ consensus

After International Flavors and Fragrances’ (IFF) 3Q17 earnings, 31% of the analysts recommend the stock as a “buy,” 63% of the analysts have recommended the stock as a “hold,” while the remaining 6% of analysts have recommended the stock as a “sell.”

How Wall Street Views International Flavors and Fragrances

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Analysts’ consensus 12-month target price for IFF was $149.75. However, the stock on November 7, 2017, closed at $149.99, which is above the analyst consensus target price.

Why many analysts recommend a ‘hold’

IFF’s 3Q17 earnings were better than expected, and the company maintained its guidance for the rest of the year. Further, on November 1, 2017, IFF announced the expansion of its share repurchase program until the end of 2022, which is expected to add value to shareholders. This move explains why the majority of analysts are recommending a “hold” on the stock.

Individual brokerage views and recommendations

  • Deutsche Bank (DB) rated IFF a “hold” with a target price of $150. However, as of November 7, the stock closed at $149.99.
  • UBS (UBS) has recommended a target price of $166.00, which implies a return potential of 10.7% over the closing price of $149.99 as of November 7, 2017.
  • Keybanc has recommended a target price of $156 for IFF, implying a potential return of 4.0% over the closing price of $149.99 as of November 7, 2017.

Investors looking for indirect exposure to IFF can invest in the PowerShares DWA Basic Materials Momentum Portfolio (PYZ), which invests 7.7% of its portfolio in IFF. The fund also provides exposure to stocks like LyondellBasell (LYB) and Ashland (ASH), which have weights of 4.3% and 3.5%, respectively, as of November 7, 2017.

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