International Flavors & Fragrances Inc. (IFF) concluded trading on Thursday at a closing price of $75.50, with 5.9 million shares of worth about $445.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.52% during that period and on Thursday the price saw a gain of about 3.13%. Currently the company’s common shares owned by public are about 254.97M shares, out of which, 229.63M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 53,210 shares in 16 of the transactions. In 9 selling transactions, insiders dumped 22,633 shares.
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Stock saw a price change of -4.98% in past 5 days and over the past one month there was a price change of -6.79%. Year-to-date (YTD), IFF shares are showing a performance of -6.76% which decreased to -18.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.11 but also hit the highest price of $97.49 during that period. The average intraday trading volume for International Flavors & Fragrances Inc. shares is 2.00 million. The stock is currently trading -5.28% below its 20-day simple moving average (SMA20), while that difference is down -5.72% for SMA50 and it goes to 0.22% higher than SMA200.
International Flavors & Fragrances Inc. (NYSE: IFF) currently have 254.97M outstanding shares and institutions hold larger chunk of about 84.31% of that.
The stock has a current market capitalization of $19.27B and its 3Y-monthly beta is at 1.23. It has posted earnings per share of -$10.07 in the same period. It has Quick Ratio of 1.02 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IFF, volatility over the week remained 3.16% while standing at 2.69% over the month.
Analysts are in expectations that International Flavors & Fragrances Inc. (IFF) stock would likely to be making an EPS of $0.86 in the current quarter, while forecast for next quarter EPS is $0.93 and it is $4.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.78 which is $0.98 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.87 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.86% while it is estimated to increase by 16.07% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 22, 2024 offering an Overweight rating for the stock and assigned a target price range of between $81 and $90 to it. Coverage by Jefferies stated International Flavors & Fragrances Inc. (IFF) stock as a Buy in their note to investors on January 12, 2024, suggesting a price target of $112 for the stock. On November 28, 2023, Argus Upgrade their recommendations, while on November 13, 2023, UBS Downgrade their ratings for the stock with a price target of $78. Stock get a Neutral rating from Redburn Atlantic on October 12, 2023.
