IAC/InterActiveCorp. Sets New 1-Year High at $70.79 (IACI)
IAC/InterActiveCorp. (NASDAQ:IACI) set a new 52-week high during mid-day trading on Monday, AnalystRatings.Net reports. The stock traded as high as $70.79 and last traded at $69.70, with a volume of 1,299,978 shares. The stock had previously closed at $68.42.
IACI has been the subject of a number of recent research reports. Analysts at UBS AG raised their price target on shares of IAC/InterActiveCorp. from $60.00 to $80.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of IAC/InterActiveCorp. in a research note to investors on Monday. They set an “equal weight” rating and a $67.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of IAC/InterActiveCorp. in a research note to investors on Friday, December 20th. They now have a $81.00 price target on the stock, up previously from $55.00. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. IAC/InterActiveCorp. presently has a consensus rating of “Hold” and an average target price of $64.11.
IAC/InterActiveCorp. has a 1-year low of $38.20 and a 1-year high of $70.44. The stock has a 50-day moving average of $60.64 and a 200-day moving average of $54.18. The company has a market cap of $5.765 billion and a price-to-earnings ratio of 24.24.
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 $3.98 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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