Shares of International Flavors & Fragrances Inc. (NYSE:IFF) traded at a new 52-week high today of $152.79. This new high was reached on below average trading volume as 342,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
International Flavors & Fragrances produces ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.
Over the past year, International Flavors & Fragrances Inc. has traded in a range of $99.54 to $152.79 and is now at $152.57, 53% above that low.
There is potential upside of 71.9% for shares of International Flavors & Fragrances Inc. based on a current price of $152.57 and an average consensus analyst price target of $262.26.
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