15.1 C
New York
Friday, September 29, 2023

Investing In International Flavors & Fragrances Inc. (NYSE: IFF): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for International Flavors & Fragrances Inc. (IFF) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.25, or -0.36%, to $70.00. The International Flavors & Fragrances Inc. has recorded 104,159 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed IFF to Webcast Fireside Chat at Barclays Global Consumer Staples Conference on Sept. 7.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.

Sponsored

Stocks Info

The company is listed on the NYSE and operates within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $70.25 and fluctuated between $72.38 as its day high and $70.25 as its day low. The current market capitalization of International Flavors & Fragrances Inc. is $17.98B. A total of 1.62 million shares were traded on the day, compared to an average of 2.41M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, IFF has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 10 SELLs from insiders. Insiders purchased 36,017 shares during that period but sold 7,381.

In the most recent transaction, Fauchon de Villeplee Christoph sold 1,972 shares of IFF for 86.35 per share on May 11. After the transaction, the President, Scent now owns 9,093 company shares.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. IFF’s most recent ex-dividend date was 9/21/2023 when it declared a $0.81 quarterly dividend that was paid in cash on 10/5/2023. Previously, the company paid the dividend on 7/11/2023 with an ex-dividend date of 6/22/2023. The IFF stock dividend was $0.81 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for IFF in the last 3 months, the mean price target is $79.41 with high estimates of $105.00 and low estimates of $60.00. In terms of 52-week highs and lows, IFF has a high of $118.97 and a low of $62.11.

As of this writing, IFF has an earnings estimate of $0.79 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.09 per share and a lower estimate of $0.64.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. IFF’s latest balance sheet shows that the firm has $715.00M in Cash & Short Term Investments as of fiscal 2021. There were $11.40B in debt and $3.63B in liabilities at the time. Its Book Value Per Share was $69.11, while its Total Shareholder’s Equity was $21.22B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IFF is Buy with a score of 3.43.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles