IAC/InterActiveCorp. Price Target Lowered to $52.00 at Canaccord Genuity (IACI)
Equities research analysts at Canaccord Genuity reduced their price objective on shares of IAC/InterActiveCorp. (NASDAQ:IACI) from $56.00 to $52.00 in a research note issued to investors on Wednesday, ARN reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target points to a potential downside of 10.19% from the company’s current price.
A number of other analysts have also recently weighed in on IACI. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of IAC/InterActiveCorp. in a research note to investors on Wednesday. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of IAC/InterActiveCorp. in a research note to investors on Wednesday. They now have a $56.00 price target on the stock, up previously from $50.00. Finally, analysts at Stifel Nicolaus downgraded shares of IAC/InterActiveCorp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $60.51.
IAC/InterActiveCorp. (NASDAQ:IACI) traded down 12.83% on Wednesday, hitting $50.4701. 5,531,367 shares of the company’s stock traded hands. IAC/InterActiveCorp. has a one year low of $38.20 and a one year high of $55.57. The stock’s 50-day moving average is $50.74 and its 200-day moving average is $47.99. The company has a market cap of $4.188 billion and a P/E ratio of 27.14.
IAC/InterActiveCorp. (NASDAQ:IACI) last released its earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.34. The company had revenue of $756.87 million for the quarter, compared to the consensus estimate of $805.70 million. During the same quarter last year, the company posted $0.71 earnings per share. IAC/InterActiveCorp.’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that IAC/InterActiveCorp. will post $3.87 EPS for the current fiscal year.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company consists of more than 150 brands and products.
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