IAC/InterActive (NYSE:IAC) was upgraded by investment analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a report released on Tuesday.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $75.00 price target on shares of IAC/InterActive in a research report on Tuesday, August 23rd. Jefferies Group reissued a “hold” rating and set a $60.00 price target on shares of IAC/InterActive in a research report on Tuesday, August 23rd. Susquehanna reissued a “positive” rating and set a $74.00 price target on shares of IAC/InterActive in a research report on Monday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of IAC/InterActive in a research report on Monday, August 1st. Finally, Zacks Investment Research lowered IAC/InterActive from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.00.

Analyst Recommendations for IAC/InterActive (NYSE:IAC)

Shares of IAC/InterActive (NYSE:IAC) traded up 4.12% during midday trading on Tuesday, hitting $60.60. 734,697 shares of the company’s stock traded hands. IAC/InterActive has a 52 week low of $38.82 and a 52 week high of $73.15. The stock’s market cap is $4.82 billion. The company has a 50 day moving average of $58.57 and a 200 day moving average of $53.86.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/iacinteractive-iac-raised-to-outperform-at-wells-fargo-co.html

IAC/InterActive (NYSE:IAC) last released its earnings results on Wednesday, July 27th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The firm earned $745.40 million during the quarter, compared to the consensus estimate of $748.73 million. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. On average, equities analysts forecast that IAC/InterActive will post $2.58 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank acquired a new position in shares of IAC/InterActive during the second quarter worth approximately $7,178,000. Great West Life Assurance Co. Can acquired a new position in shares of IAC/InterActive during the second quarter worth approximately $1,128,000. Aviva PLC acquired a new position in shares of IAC/InterActive during the second quarter worth approximately $2,400,000. AJO LP acquired a new position in shares of IAC/InterActive during the second quarter worth approximately $46,163,000. Finally, PineBridge Investments L.P. acquired a new position in shares of IAC/InterActive during the second quarter worth approximately $1,030,000.

About IAC/InterActive

5 Day Chart for NYSE:IAC

Receive News & Ratings for IAC/InterActive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActive and related companies with MarketBeat.com's FREE daily email newsletter.