International Flavors & Fragrances Inc. (IFF) stock expected to gain 56.85% in the coming months

At the time of writing, International Flavors & Fragrances Inc. [IFF] stock is trading at $81.06, up 2.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IFF shares have gain 6.60% over the last week, with a monthly amount glided 0.68%, and seem to be holding up well over a long-time horizon.

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On 4, March 2024, IFF Launches Advertising Campaign Celebrating The Art Of Perfumery. In a post published today on Yahoo Finance, IFF has launched an advertising campaign featuring staple tools of the art of perfumery. The campaign is appearing today in select publications and online.

From an analyst’s perspective:

International Flavors & Fragrances Inc. [NYSE: IFF] stock has seen the most recent analyst activity on March 08, 2024, when Argus downgraded its rating to a Hold. On January 22, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $90 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $112 on January 12, 2024. Argus upgraded its rating to a Buy. UBS downgraded its rating to Neutral for this stock on November 13, 2023, and downed its price target to $78. In a note dated October 12, 2023, Redburn Atlantic initiated an Neutral rating and provided a target price of $60 on this stock.

For the past year, the stock price of International Flavors & Fragrances Inc. fluctuated between $62.11 and $97.49. Currently, Wall Street analysts expect the stock to reach $127.14 within the next 12 months. International Flavors & Fragrances Inc. [NYSE: IFF] shares were valued at $81.06 at the most recent close of the market. An investor can expect a potential return of 56.85% based on the average IFF price forecast.

Analyzing the IFF fundamentals

According to International Flavors & Fragrances Inc. [NYSE:IFF], the company’s sales were 11.48B for trailing twelve months, which represents an -4.96% plunge. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.15 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 79.34 points at the first support level, and at 77.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.07, and for the 2nd resistance point, it is at 83.09.

International Flavors & Fragrances Inc. [IFF] reported earnings per share of $0.72 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.75/share, meaning a difference of -$0.03 and a surprise factor of -4.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.89 per share as compared to estimates of $0.75 per share, a difference of $0.14 representing a surprise of 18.70%.

Ratios To Look Out For

It is important to note that International Flavors & Fragrances Inc. [NYSE:IFF] has a current ratio of 1.67. As well, the Quick Ratio is 1.02, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 1.42.

Transactions by insiders

Recent insider trading involved Fauchon de Villeplee Christoph, President, Scent, that happened on May 11 ’23 when 1972.0 shares were sold.

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