IAC/InterActiveCorp. PT Lowered to $55.00 (IACI)
Stock analysts at Deutsche Bank decreased their price target on shares of IAC/InterActiveCorp. (NASDAQ:IACI) from $66.00 to $55.00 in a report issued on Wednesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential downside of 5.01% from the company’s current price.
IACI has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of IAC/InterActiveCorp. from $56.00 to $52.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of IAC/InterActiveCorp. in a research note to investors on Wednesday. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. IAC/InterActiveCorp. has a consensus rating of “Buy” and an average price target of $59.51.
IAC/InterActiveCorp. (NASDAQ:IACI) traded down 9.94% on Wednesday, hitting $52.144. 9,412,696 shares of the company’s stock traded hands. IAC/InterActiveCorp. has a 52 week low of $38.20 and a 52 week 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 $4.327 billion and a price-to-earnings ratio of 27.14.
IAC/InterActiveCorp. (NASDAQ:IACI) last released its earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters 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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