IFF stock: buy or sell

IFF stock price: $143.86 1.44% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

IFF stock brief

  • International Flavors & Fragrances stock moved up 1.44% to close at $143.86 on the stock market on Wednesday.
  • The price is currently higher than the upper Bollinger band, which is usually an indicator of a short-term correction
  • On April 13 broke out above its latest top at $140.72
  • Morgan Stanley published a buy rating for International Flavors & Fragrances last Monday, targeting $160.00

Should I buy International Flavors & Fragrances stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $IFF stock a buy?

Currently, International Flavors & Fragrances stock matches 2 trading strategies:

Uptrend buy setup

International Flavors & Fragrances stock is in an uptrend since last January that so far has marked an amazing 39.00% gain. Price marked a local bottom in this uptrend at $127.01 in early March, and since then it bounced up a 13.27%. Price just broke out above the buy point at $140.72, but it's still eligible. If price climbs above $147.76, you should not chase the price and wait for the following opportunity. If you decide to enter this trade, the suggested stop loss is at $126.65

Buy setupBuy pointStop lossRisk
Uptrend buy setup$140.72$126.6510.00%

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't struggle with upper resistances, and usually it rises rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. International Flavors & Fragrances can break to ATH any time soon, as it only needs to go up a 1.31%. The buy point is at $145.74 if you want to trade with this strategy. The stop loss would be set at $131.17

Buy setupBuy pointStop lossRisk
ATH buy setup$145.74$131.1710.00%

Should I sell International Flavors & Fragrances stock?

How to know when is it time to sell International Flavors & Fragrances stock?. Similarly to when we have to buy shares, deciding when is the best time to sell is not a whimsical decision, and we must use our own trading strategy. When selling, as well as buying, our strategies are very easy to follow and are only valid for selling shares in your porfolio, not for selling short $IFF stock

A golden rule is that you should never hold a trade that produces higher than expected losses by the time of the buy. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)

Is it time to sell International Flavors & Fragrances stock?

In the current situation of International Flavors & Fragrances there is not any eligible sell setup, so International Flavors & Fragrances stock holders with operations in profit can keep their positions

International Flavors & Fragrances ratings

In the last 30 days, 5 analyst ratings were published for International Flavors & Fragrances. General sentiment is bullish, with 5 out of 5 publishing optimistic outlooks

International Flavors & Fragrances analysts' ratings - Last month
Brokerage firmRating
Mar 25th, 2021
Berenberg Bank NeutralStrong buy
Mar 26th, 2021
JPMorgan Chase & Co. Buy
Mar 31st, 2021
Berenberg Bank NeutralStrong buy
Apr 12th, 2021
Morgan Stanley Buy
Apr 19th, 2021
Morgan Stanley Buy

International Flavors & Fragrances stock analysis

Since last January, International Flavors & Fragrances has been printing an uptrend that so far marked a gorgeous 39.20%. The chart shows higher highs and higher lows, and along the way gave some buy points for those who wanted to trade in. Latest pullback was in early March, when price bounced at $127.01. On April 13, International Flavors & Fragrances broke out above its last top ($140.72) offering a good buy point

SMAs overview

IFF stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $144.38 (0.36% above)
  • R2: $145.55 (1.17% above)
  • R3: $145.74 (1.31% above)
  • The current supports are:

  • S1: $141.92 (-1.35% below)
  • S2: $141.66 (-1.53% below)
  • S3: $140.76 (-2.15% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart reveals that they are fairly narrow (4.71%), which clearly means that price volatility is low. The tightness of the Bollinger bands is often a sign of a sudden price movement (up or down), so we must be on alert and manage our buy or sell orders accordingly

    IFF stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for many weeks, and therefore, without this indicator really serving to help us make any decisions.

    IFF stock RSI chart

    International Flavors & Fragrances stock price history

    International Flavors & Fragrances went public priced at an adjusted price1 of $0.00 on Dec 1974. Since then, IFF stock surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    IFF stock price history chart

    Price target for International Flavors & Fragrances stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial information by the company, and many times. Again, these predictions are not direct recommendations for small traders and must not be trusted blindly.

    Averaging all price targets exposed below, the predicted price for International Flavors & Fragrances stock is $159.00. International Flavors & Fragrances closed at $143.86 on Wednesday, that is a 9.52% than the target price.

    International Flavors & Fragrances stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    Berenberg Bank $139.00$160.00
    Mar 26th, 2021
    JPMorgan Chase & Co. $141.00$155.00
    Mar 31st, 2021
    Berenberg Bank $139.00$160.00
    Apr 12th, 2021
    Morgan Stanley $160.00
    Apr 19th, 2021
    Morgan Stanley $160.00

    Earnings and financials

    Last February, International Flavors & Fragrances ($IFF) had the quarterly investors call and presented the report. IFF surpassed consensus earnings estimates and posted of $1.32, that is a 10.92% surprise compared to the initial predictions of $1.19. Even so, reported revenues of $1.3 billion were in line with consensus forecasts.

    This compares to Earnings of $1.46 per share same quarter last year, so posted EPS means a drop of -9.59%. Turnover barely moved on an annualized basis in the , from $12.8B to $12.7B last quarter.

    IFF ($IFF) is posting Q1 financial report mid next May. Expected for this quarter is $1.54, compared to $1.32 that was reported for Q4.

    International Flavors & Fragrances performance

    IFF performance compared
    Company1m3m6m
    International Flavors & Fragrances ($IFF) 5.80% 22.20% 27.80%

    Disclaimer:
    The viewpoints expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the specific situations of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for education reasons only

    IFF summary

    Wednesday, April 21st, 2021
    Open$142.29
    Close$143.86
    Day range$142.08 - $144.03
    Previous close$141.82
    Session gain1.44%
    Average true range$2.07
    50d mov avg$137.10
    100d mov avg$125.81
    200d mov avg$121.71
    Earnings dateMay 10th, 2021

    Frequently asked questions

    What is International Flavors & Fragrances stock symbol?

    International Flavors & Fragrances Inc. is a public company trading in the US stock market with the IFF symbol

    Is International Flavors & Fragrances stock a buy or sell?

    International Flavors & Fragrances received 5 ratings in the last 30 days: 5 bullish, 0 bearish and 0 neutral.

    Will IFF go up?

    International Flavors & Fragrances had different price predictions published by analysts in the last 30 days setting the target price to $159.00. That is a 10.52% than the current price ($143.86).