IAC/InterActiveCorp. PT Raised to $69.00 at RBC Capital (IACI)
Investment analysts at RBC Capital increased their target price on shares of IAC/InterActiveCorp. (NASDAQ:IACI) from $50.00 to $69.00 in a note issued to investors on Thursday, AnalystRatings.Net reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target points to a potential upside of 6.09% from the company’s current price.
IAC/InterActiveCorp. (NASDAQ:IACI) last released its earnings data on Wednesday, February 5th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. The company had revenue of $724.50 million for the quarter, compared to the consensus estimate of $743.70 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis.
The company also recently declared a dividend, which is scheduled for Saturday, March 1st. Stockholders of record on Saturday, February 15th will be given a dividend of 0.24 per share. The ex-dividend date of this dividend is Wednesday, February 12th.
Several other analysts have also recently commented on the stock. 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, January 6th. 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, January 6th. 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. IAC/InterActiveCorp. has a consensus rating of “Hold” and an average target price of $65.04.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company consists of more than 150 brands and products.
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