UBS AG Increases IAC/InterActiveCorp. Price Target to $80.00 (IACI)
Investment analysts at UBS AG raised their price objective on shares of IAC/InterActiveCorp. (NASDAQ:IACI) from $60.00 to $80.00 in a note issued to investors on Monday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would indicate a potential upside of 16.92% from the company’s current price.
IAC/InterActiveCorp. (NASDAQ:IACI) traded up 2.69% during mid-day trading on Monday, hitting $70.26. 785,538 shares of the company’s stock traded hands. 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 $5.852 billion and a P/E ratio of 24.24.
IAC/InterActiveCorp. (NASDAQ:IACI) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that IAC/InterActiveCorp. will post $3.98 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Jefferies Group raised their price target on shares of IAC/InterActiveCorp. from $50.00 to $63.00 in a research note to investors on Friday, December 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $64.11.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company consists of more than 150 brands and products.
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