IAC/InterActiveCorp Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:IACI)
Shares of IAC/InterActiveCorp (NASDAQ:IACI) have earned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, StockRatingsNetwork reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $74.91.
A number of research firms have recently commented on IACI. Analysts at Credit Suisse reiterated an “outperform” rating on shares of IAC/InterActiveCorp in a research note on Thursday. They now have a $75.00 price target on the stock, down previously from $76.00. Separately, analysts at Benchmark Co. raised their price target on shares of IAC/InterActiveCorp from $77.00 to $80.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of IAC/InterActiveCorp from $62.00 to $67.00 in a research note on Thursday. They now have a “hold” rating on the stock.
Shares of IAC/InterActiveCorp (NASDAQ:IACI) traded down 0.62% on Friday, hitting $66.78. 254,350 shares of the company’s stock traded hands. IAC/InterActiveCorp has a 52 week low of $49.03 and a 52 week high of $80.64. The stock’s 50-day moving average is $67.64 and its 200-day moving average is $69.04. The company has a market cap of $5.463 billion and a P/E ratio of 30.78.
IAC/InterActiveCorp (NASDAQ:IACI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.81 by $0.77. The company had revenue of $756.30 million for the quarter, compared to the consensus estimate of $794.40 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Analysts expect that IAC/InterActiveCorp will post $2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Stockholders of record on Friday, August 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, August 13th. This is a boost from IAC/InterActiveCorp’s previous quarterly dividend of $0.24.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company.
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