You should consider shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) and International Flavors & Fragrances Inc. (NYSE:IFF) if you are looking for a great stocks to invest in. Starting with the CHKP shares, which traded at $113.02 at the close of the recent session, dropping -2.90%. On Tuesday, the company’s shares shed -$3.37 from its value which represented in intraday trading. The stock is now 1.08% higher in year-to-date (YTD) trading. CHKP’s intraday high was $115.32 while its lowest price touched $112.29. The stock’s 52-week high price is $132.76, which means the current price is at -14.87%. In terms of trading activity, the daily trading volume rose to 1657497 against 200-day average trading volume of 939,629 shares.
What are analyst forecasts for Check Point Software Technologies Ltd. (NASDAQ:CHKP)?
At a consensus rating of 3.41, CHKP is trending as a streaking Moderate Buy, as it has been the case a month ago when 22 analysts called it a Moderate Buy. Two months ago, 20 analysts recommended, on average, that CHKP stock is a Moderate Buy. The Technology company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $114.86 on the day.
Forecasts for Check Point Software Technologies Ltd. (NASDAQ:CHKP) give the stock a fair value for the growth of 3.4% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $117.00, which means the price per share could rise by nearly $3.98. The price range target is between a low of $105.00 and a high of $145.00. The stock would need to gain by about $22.06 to hit the estimated high or 0.87% from its 12-month low.
The consensus among 32 analysts is that it is a good time for one to Hold in the Check Point Software Technologies Ltd. 4 analysts rate CHKP as a Buy, with 0 of 32 analysts rate it as a Sell. 1 have valued the stock as Overweight and 26 have recommended that investors Hold.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) Upgrades and Downgrades
In terms of rating changes, Goldman on November 12, 2019, Initiated Check Point Software Technologies Ltd. (CHKP) at Neutral. They believe the stock could reach $123 in the near term. Analysts at Piper Jaffray have assigned a Neutral rating for the stock in their research note on November 08, 2019 with an estimated price target of $117. Moreover, Barclays analysts issued a rating of Equal Weight for the stock on October 29, 2019, giving it a price target of $116 for the next 12 months. On October 08, 2019, the stock earned a Hold rating due to an analyst call from Jefferies, while analysts from SunTrust on October 03, 2019 suggested that the stock is Hold.
International Flavors & Fragrances Inc. (NYSE:IFF) adds $0.66 on Tuesday
The IFF stock has risen 5.16% year-to-date and is currently trading at $141.20, which is -7.68% below its 52-week high. The company shares gained 0.47% on the day and have risen nearly 34.66% off a low hit. At current levels, International Flavors & Fragrances Inc. has a valuation of about $5.08B. As of 12/03/19, this stock has fallen -0.15% during the week and closed at $140.54 in the previous session. However, recent International Flavors & Fragrances Inc. stock performance shows that IFF shares are 15.98% up over the last month, and 26.18% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $1.29, with the trailing 12-month share earnings at $3.82. The ratio is expected to be down by -4.20% for the current year 2019 and 5.80% for next year. Over the next 5-year period, earnings per share will be 3.80%. But will the IFF stock surprise in the current quarter results, where the $1.53 actual EPS reported on 9/29/2019 surprised by 0.00% or was lower by $0 from the estimated $1.53.
Sales Growth to climb 3.30% for the year
How well will International Flavors & Fragrances Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.23B and $1.3B in current quarter sales. The consensus estimated for the current quarter is $1.27B from sales. Forecasts for this fiscal year are between $5.09B and $5.16B and the consensus estimate for sales is at $5.13B. IFF has its next quarter sales estimates at between $1.32B and $1.36B, with the quarter-over-quarter growth estimates at 3.30% and the annual growth forecast for the year at 3.30%.
Who owns shares in International Flavors & Fragrances Inc. (IFF)?
Let’s briefly focus on the share ownership of the International Flavors & Fragrances Inc. (NYSE:IFF) stock, where we find that 86.13% of shares are held by institutions. Winder Investment Pte Ltd tops the list of institutional owners as it is holding 20.3 million shares or 19.01% of shares outstanding. Vanguard Group, Inc. (The) and Blackrock Inc. held 12.75 million and 7.65 million representing 11.94% and 7.16% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 4.5 million shares at over 552.33 million. This represented 4.22% of shares outstanding. Capital Research Global Investors held 4.29 million shares at over 526.49 million representing 4.02% of shares outstanding.
IFF Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at International Flavors & Fragrances Inc. (IFF), a total of 10746 shares have been sold by insiders over the last 6 months while 3835 shares were added in the same time span. On 12/21/2018, by the name Winder Investment Pte Ltd bought 132100.0 shares worth $16.9 million at the price of $128.15 per share. Filings also show that Winder Investment Pte Ltd bought a total of 63900.0 shares on 12/18/2018 valued at $8.5 million. Since the last insider activity, the company’s share price has climbed 6.11%.