Could International Flavors & Fragrances Inc. (IFF) Gain Strenght After Forming Bullish Wedge Up Pattern?

January 22, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.29, from 0.79 in 2017Q2. It improved, as 21 investors sold International Flavors & Fragrances Inc. shares while 144 reduced holdings. 53 funds opened positions while 126 raised stakes. 53.47 million shares or 1.08% less from 54.06 million shares in 2017Q2 were reported.
Texas Permanent School Fund invested in 21,885 shares or 0.04% of the stock. Strs Ohio owns 0.01% invested in International Flavors & Fragrances Inc. (NYSE:IFF) for 8,163 shares. Advisory Svcs Net Limited Liability Corp stated it has 308 shares or 0.01% of all its holdings. Colony Gp Ltd, a Massachusetts-based fund reported 15,334 shares. Front Barnett Assocs Limited Liability holds 122,623 shares or 3.08% of its portfolio. Mitsubishi Ufj Tru And owns 0.04% invested in International Flavors & Fragrances Inc. (NYSE:IFF) for 156,757 shares. Johnson Invest Counsel Inc invested 0.01% of its portfolio in International Flavors & Fragrances Inc. (NYSE:IFF). Brinker Capital owns 5,513 shares for 0.03% of their portfolio. Gideon Cap holds 1,997 shares or 0.28% of its portfolio. Hrt Lc holds 4,200 shares. Natixis Asset owns 0.39% invested in International Flavors & Fragrances Inc. (NYSE:IFF) for 31,634 shares. Ledyard National Bank & Trust invested in 0.01% or 490 shares. Rampart Investment Mgmt Limited Liability Company holds 0.05% or 1,092 shares. Retail Bank Of Nova Scotia Trust Co reported 0.01% stake. Cibc Asset Mngmt Inc, a Ontario – Canada-based fund reported 7,519 shares.

Since August 1, 2017, it had 11 buys, and 4 sales for $76.69 million activity. Winder Investment Pte Ltd had bought 59,190 shares worth $7.97 million on Friday, August 4. $176,866 worth of stock was sold by MIRZAYANTZ NICOLAS on Friday, September 15. Chwat Anne sold $411,660 worth of International Flavors & Fragrances Inc. (NYSE:IFF) on Tuesday, August 15.

The stock of International Flavors & Fragrances Inc. (IFF) formed an up wedge with $161.40 target or 4.00 % above today’s $155.19 share price. The 7 months wedge indicates low risk for the $12.26B company. If the $161.40 price target is reached, the company will be worth $490.24 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.04% or $0.06 during the last trading session, reaching $155.19. About 398,308 shares traded or 43.69% up from the average. International Flavors & Fragrances Inc. (NYSE:IFF) has risen 5.32% since January 22, 2017 and is uptrending. It has underperformed by 11.38% the S&P500.

Analysts await International Flavors & Fragrances Inc. (NYSE:IFF) to report earnings on February, 21. They expect $1.30 earnings per share, up 6.56 % or $0.08 from last year’s $1.22 per share. IFF’s profit will be $102.67 million for 29.84 P/E if the $1.30 EPS becomes a reality. After $1.47 actual earnings per share reported by International Flavors & Fragrances Inc. for the previous quarter, Wall Street now forecasts -11.56 % negative EPS growth.

International Flavors & Fragrances Inc. (NYSE:IFF) Ratings Coverage

Among 16 analysts covering Internationa Flavors & Fragrances (NYSE:IFF), 8 have Buy rating, 1 Sell and 7 Hold. Therefore 50% are positive. Internationa Flavors & Fragrances had 32 analyst reports since August 11, 2015 according to SRatingsIntel. Argus Research maintained International Flavors & Fragrances Inc. (NYSE:IFF) rating on Tuesday, August 16. Argus Research has “Buy” rating and $156 target. As per Tuesday, August 11, the company rating was maintained by UBS. The stock has “Hold” rating by Deutsche Bank on Thursday, August 10. Stifel Nicolaus downgraded International Flavors & Fragrances Inc. (NYSE:IFF) on Monday, January 25 to “Hold” rating. The company was maintained on Tuesday, August 9 by UBS. As per Friday, January 6, the company rating was downgraded by BNP Paribas. The firm has “Hold” rating given on Wednesday, August 10 by Gabelli. The rating was maintained by Deutsche Bank on Wednesday, May 11 with “Hold”. The firm earned “Neutral” rating on Thursday, February 16 by Consumer Edge Research. As per Friday, August 21, the company rating was upgraded by Morgan Stanley.

More notable recent International Flavors & Fragrances Inc. (NYSE:IFF) news were published by: Seekingalpha.com which released: “International Flavors & Fragrances: Is The Juice Worth The Squeeze?” on September 11, 2017, also Seekingalpha.com with their article: “International Flavors & Fragrances (IFF) Q2 2017 Results – Earnings Call …” published on August 09, 2017, Seekingalpha.com published: “Vision 2020: International Flavors & Fragrances’ Strategic Plan” on November 27, 2017. More interesting news about International Flavors & Fragrances Inc. (NYSE:IFF) were released by: Seekingalpha.com and their article: “International Flavors & Fragrances (IFF) Q3 2017 Results – Earnings Call …” published on November 07, 2017 as well as Seekingalpha.com‘s news article titled: “International Flavors & Fragrances (IFF) Q1 2017 Results – Earnings Call …” with publication date: May 09, 2017.

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