Yahoo Finance Why International Flavors (IFF) is a Top Momentum Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
International Flavors (IFF)
New York-based International Flavors & Fragrances completed its merger with DuPont’s Nutrition & Biosciences ("N&B") business in 2021, creating a global leader in high-value ingredients and solutions for food and beverage, home and personal care, and health & wellness markets. The company has introduced new business divisions — Nourish, Scent, Health & Biosciences and Pharma Solutions.
IFF boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of International Flavors has seen some interesting price action recently; the stock is up 0.9% over the past one week and up 0.6% over the past four weeks. And in the last one-year period, IFF has gained 21.9%. As for the stock's trading volume, 1,429,114.63 shares on average were traded over the last 20 days.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, six analysts revised their earnings estimate higher in the last 60 days for IFF, while the Zacks Consensus Estimate has increased $0.17 to $3.86 per share. IFF also boasts an average earnings surprise of 6.5%.
Investors should take the time to consider IFF for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report
