FBR Capital Markets Cuts Liberty Interactive Corp Price Target to $49.00 (LVNTA)
Research analysts at FBR Capital Markets lowered their price target on shares of Liberty Interactive Corp (NASDAQ:LVNTA) from $62.00 to $49.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price suggests a potential upside of 28.34% from the company’s current price.
Liberty Interactive Corp (NASDAQ:LVNTA) opened at 38.18 on Friday. Liberty Interactive Corp has a 52 week low of $20.1007 and a 52 week high of $38.78. The stock has a 50-day moving average of $35.55 and a 200-day moving average of $33.30. The company has a market cap of $2.813 billion and a P/E ratio of 85.89.
Liberty Interactive Corp (NASDAQ:LVNTA) last announced its earnings results on Wednesday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.35. On average, analysts predict that Liberty Interactive Corp will post $0.86 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LVNTA. Analysts at Citigroup Inc. downgraded shares of Liberty Interactive Corp from a “neutral” rating to a “sell” rating in a research note on Monday, August 18th. They now have a $70.00 price target on the stock, up previously from $69.00. Separately, analysts at National Alliance Securities raised their price target on shares of Liberty Interactive Corp from $69.07 to $79.71 in a research note on Tuesday, August 5th. Finally, analysts at Buckingham Research initiated coverage on shares of Liberty Interactive Corp in a research note on Tuesday, July 1st. They set a “neutral” rating and a $77.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Liberty Interactive Corp presently has a consensus rating of “Hold” and an average price target of $51.29.
Liberty Interactive Corporation owns interests in subsidiaries and other companies which are primarily engaged in the video and on-line commerce industries.
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