IAC/InterActiveCorp Given Average Rating of “Hold” by Analysts (NASDAQ:IACI)
Shares of IAC/InterActiveCorp (NASDAQ:IACI) have received a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, American Banking News reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $74.91.
IACI has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of IAC/InterActiveCorp in a research note on Thursday, July 31st. 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, July 31st. 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, July 31st. They now have a “hold” rating on the stock.
IAC/InterActiveCorp (NASDAQ:IACI) opened at 66.21 on Friday. IAC/InterActiveCorp has a one year low of $49.03 and a one year high of $80.64. The stock’s 50-day moving average is $67.52 and its 200-day moving average is $68.. The company has a market cap of $5.521 billion and a price-to-earnings ratio of 30.23.
IAC/InterActiveCorp (NASDAQ:IACI) last announced its earnings results 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. On average, analysts predict that IAC/InterActiveCorp will post $2.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Friday, August 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, August 13th. This is a positive change from IAC/InterActiveCorp’s previous quarterly dividend of $0.24.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company.
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