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International Flavors & Fragrances Inc.’s stock price dips to $74.44, marking a 3.84% decrease

By February 28, 2024 No Comments

International Flavors & Fragrances Inc. (IFF)

74.44 USD -2.97 (-3.84%) Volume: 3.56M

International Flavors & Fragrances Inc.’s stock price stands at 74.44 USD, experiencing a decrease of -3.84% this trading session with a trading volume of 3.56M; marking a YTD performance decrease of -7.76%, highlighting the volatile nature of IFF’s stock price performance.


Latest developments on International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc. (NYSE:IFF) experienced notable stock price movements today, driven by key events including changes in stock holdings and ratings. Mizuho maintained a neutral rating for the company, while Nomura Holdings Inc.’s stock holdings in IFF reached $39.11 million. The company’s stock also underperformed on Monday compared to competitors. IFF’s price target was lowered to $81.00, and QRG Capital Management Inc. acquired 6467 shares in the company, further impacting the stock price.


International Flavors & Fragrances Inc. on Smartkarma

The independent investment research network Smartkarma has recently published a few insightful reports on Intl Flavors & Fragrances, a company that specializes in creating flavors and fragrances for a wide range of products. According to research reports from Baptista Research, IFF has delivered strong financial results in the previous quarter despite a slight decline in company-wide volume. The company has also made strategic moves to optimize its portfolio and address its capital structure, such as the recent sale of Lucas Meyer Cosmetics to Clariant for $810 million. These actions are seen as positive growth catalysts for IFF by analysts on Smartkarma.

However, not all reports on Smartkarma have been bullish on IFF. Another report by Baptista Research highlights the disappointment in the company’s recent performance, failing to meet revenue and earnings expectations set by Wall Street. Despite this, the Scent and Pharma segment of IFF has shown strong results with solid pricing and productivity gains. In their report, Baptista Research provides a fundamental analysis of IFF’s financial statements to gain a better understanding of the company’s performance and potential future growth.


A look at International Flavors & Fragrances Inc. Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth2
Resilience3
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to the Smartkarma Smart Scores, the long-term outlook for International Flavors & Fragrances looks promising. The company has received a score of 4 for value, indicating that it is considered to be a good investment with potential for growth. Additionally, it has received a perfect score of 5 for its dividend, meaning that it is likely to provide consistent returns to its shareholders.

However, the company has received lower scores in other areas. With a score of 2 for growth, it may not be expected to see significant expansion in the near future. Similarly, its resilience and momentum have received scores of 3, suggesting that the company may not be as stable or dynamic as some of its competitors.

Overall, International Flavors & Fragrances is a leading company in the creation, manufacturing, and supply of flavors and fragrances for various industries. Its products are composed of a blend of ingredients that are carefully crafted to produce unique and proprietary formulas. With a strong focus on value and a solid dividend track record, the company is well-positioned for long-term success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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