The stock of International Flavors & Fragrances Inc. (NYSE:IFF) is now priced at $125.29 and the shares are -5.26 points down or -4.03% lower compared to its previous closing price of $130.55. The stock had 1.963 million contracts set over the past session. IFF shares’ daily volume is compared to its average trading volume at 0.933 million shares. However, it has a float of 107 million and although its performance was 4.83% over the week, it’s one to watch. Analysts have given the IFF stock a yearly average price target of $136.42 per share. It means the stock’s upside potential is 8.88% with the IFF share price recently placing at $126.6 to $130.88. However, some brokerage firms have priced the stock below the average, including one that has called $111.

The shorts are running away from the International Flavors & Fragrances Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the IFF shares have declined. Short interest in the stock represents just 12.95% of its float, but the volume has dropped by 0.

In the last trading session, International Flavors & Fragrances Inc. (NYSE:IFF) raised by $0.17 over the week and lost -$0.95 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $143.87. The stock recorded its established 52-week high on 02/06/20.

Since 03/23/20, the stock has traded to a low of $92.14 at 35.98%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.05. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, International Flavors & Fragrances Inc.’s two-week RSI is 46.47. This suggests that the stock is neutral at the moment and that IFF shares’ price movement remains stable. The stochastic readings are equally revealing at 62.8% meaning the IFF share price is currently in neutral territory.

The technical chart shows that the IFF stock will likely settle at between $132.09 and $133.62 per share. However, if the stock dips below $127.81, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $125.06.

Currently, the stock is trading in the green of MACD, with a reading of 1.57. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at Maxim Group assigned IFF a rating of Overweight in their intiating review released on July 10. Exane BNP Paribas analysts downgraded their recommendation of the stock from Neutral to Underperform while keeping its target price at $111 in a flash note released to investors on June 22. Wells Fargo seeing the improvements upgraded the stock from Equal Weight to Overweight on April 29, placing it at $141 to $150.

The average rating for the IFF equity is 2.64 and is currently gathering a bullish momentum. Of 15 analysts tracking International Flavors & Fragrances Inc. polled by Reuters, 5 rated IFF as a hold. The remaining 10 analysts were split evenly. However, the split wasn’t equal as a majority (7) rated it as a buy or strong buy. 3 analyst advised investors against buying the stock or to sell if they own any of the stock.

Elsewhere, the IFF stock price is 20.55X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 31.2 below the group’s average of 45.3. International Flavors & Fragrances Inc. has its P/E ratio at 2.4, which means that the stock is currently trading at a discount relative to the 3.5 industry average.

Zacks Consensus Estimate forecasts that the current-quarter revenues for International Flavors & Fragrances Inc. (NYSE:IFF) will decrease by about -6.46%, which will see them reach $1.26 billion. The company’s full-year revenues are, however, expected to diminish by about -0.97%, down from $5140 million to $5090 million. IFF’s expected adjusted earnings should drop almost -7.84% to end up at $1.41 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -7.78% to record $5.69/share.


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