International Flavors & Fragrances Inc. (NYSE:IFF) saw an upside of 3.39% to $66.76 after adding $2.19 on Tuesday. The 5-day average trading volume is 1,808,235 shares of the company’s common stock. It has gained $66.69 in the past week and touched a new high 3 times within the past 5 days. An average of 2,862,139 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,565,079.
IFF’s 1-month performance is -21.43% or -$17.40 on its low of $62.11 reached on 08/18/23. The company’s shares have touched a 52-week low of $62.11 and high of $119.41, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, IFF has lost -36.32% or -$38.24 and has reached a new high 8 times. However, the current price is down -44.09% from the 52-week high price.
Insider Transactions
IFF stock investors last saw insider trading activity on May 11.Fauchon de Villeplee Christoph (President, Scent) most recently sold 1,972 shares at $86.35 per share on May 11. This transaction cost the insider $170,282.
Valuation Metrics
IFF stock has a beta of 1.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.42 while the price-to-book (PB) in the most recent quarter is 0.97, with the price to cash flow ratio at 63.43.
International Flavors & Fragrances Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.52, while the total debt to equity was 0.60. In terms of profitability, the gross margin trailing 12 months is 31.80%. The trailing 12-month EBITDA margin is 18.70% while for the period ending June 29, International Flavors & Fragrances Inc.’s operating margin was -13.50%. The firm’s gross profit as reported stood at $4.15 billion against revenue of $12.44 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -296.3% to $27.0 million, while revenue of -$9.0 million was 133.33% off the previous quarter. Analysts expected IFF to announce $1.1 per share in earnings in its latest quarter, but it posted $0.86, representing a -21.80% surprise. EBITDA for the quarter stood at more than $432.0 million. IFF stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 16.8 billion, with total debt at $11.34 billion. Shareholders hold equity totaling $255.25 million.
Let’s look briefly at International Flavors & Fragrances Inc. (IFF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 38.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.57%.
The stock’s 5-day moving average is $64.20, reflecting a +3.12% or $2.01 change from its current price. IFF is currently trading -23.47% above its 20-day SMA, -25.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.88% and SMA200 by-29.35%.
Stochastic %K and %D was 13.56% and 8.33% and the average true range (ATR) pointed at 2.21. The RSI (14) points at 35.82%, while the 14-day stochastic is at 22.12% with the period’s ATR at 2.29. The stock’s 9-day MACD Oscillator is pointing at 0.72 and -2.74 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for International Flavors & Fragrances Inc. (NYSE: IFF), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for IFF stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate IFF as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 8 have offered a “buy” rating.
What is IFF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $60.00 and a high of $112.90, with their median price target at $80.00. Looking at these predictions, the average price target given by analysts is for International Flavors & Fragrances Inc. (IFF) stock is $82.76.
