JPMorgan Chase & Co. Initiates Coverage on IAC/InterActiveCorp (IAC)
Investment analysts at JPMorgan Chase & Co. began coverage on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a note issued to investors on Tuesday, StockTargetPrices.com reports. The brokerage set an “overweight” rating on the stock.
Other equities research analysts have also issued reports about the stock. Axiom Securities boosted their price objective on shares of IAC/InterActiveCorp from $74.00 to $80.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Co. raised shares of IAC/InterActiveCorp from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.08.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded down 1.14% during midday trading on Tuesday, reaching $61.69. The company’s stock had a trading volume of 232,493 shares. The firm’s market capitalization is $4.91 billion. The stock has a 50-day moving average of $59.93 and a 200 day moving average of $55.47. IAC/InterActiveCorp has a 12-month low of $38.82 and a 12-month high of $73.15.
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