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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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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 sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of B. The stock is up 11.8% and up 12.1% over the past one-week and four-week period, respectively, and International Flavors has gained 13.7% in the last one-year period as well. Additionally, an average of 1,675,581.25 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For IFF, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $3.80 per share for 2024. IFF boasts an average earnings surprise of 6.5%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding IFF to their portfolios.

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International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report

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