IAC/InterActiveCorp. Receives Outperform Rating from RBC Capital (IACI)
IAC/InterActiveCorp. (NASDAQ:IACI)‘s stock had its “outperform” rating restated by investment analysts at RBC Capital in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a $56.00 target price on the stock, up from their previous target price of $50.00. RBC Capital’s price target suggests a potential downside of 3.28% from the company’s current price.
A number of other analysts have also recently weighed in on IACI. 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. Separately, analysts at Benchmark Co. raised their price target on shares of IAC/InterActiveCorp. from $63.00 to $66.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of IAC/InterActiveCorp. in a research note to investors on Friday, September 20th. They now have a $56.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $59.30.
IAC/InterActiveCorp. (NASDAQ:IACI) traded down 12.76% on Wednesday, hitting $50.51. 2,048,296 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 has a 50-day moving average of $50.74 and a 200-day moving average of $47.99. The company has a market cap of $4.191 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 in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that IAC/InterActiveCorp. will post $3.87 earnings per share 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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