IAC/InterActive (IAC) Rating Reiterated by SunTrust Banks Inc.
IAC/InterActive (NYSE:IAC)‘s stock had its “buy” rating reissued by analysts at SunTrust Banks Inc. in a research report issued to clients and investors on Wednesday. They presently have a $73.00 target price on the stock, up from their previous target price of $70.00. SunTrust Banks Inc.’s price target would indicate a potential upside of 17.74% from the company’s current price.
A number of other brokerages also recently weighed in on IAC. Zacks Investment Research downgraded shares of IAC/InterActive from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. JPMorgan Chase & Co. started coverage on shares of IAC/InterActive in a report on Tuesday. They set an “overweight” rating and a $78.00 target price on the stock. Wells Fargo & Co. upgraded shares of IAC/InterActive from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 20th. Jefferies Group restated a “hold” rating and set a $60.00 target price on shares of IAC/InterActive in a report on Monday, June 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 target price on shares of IAC/InterActive in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.06.
Shares of IAC/InterActive (NYSE:IAC) traded down 0.18% on Wednesday, hitting $61.89. 118,498 shares of the stock traded hands. The firm’s market capitalization is $4.92 billion. The firm’s 50 day moving average is $60.05 and its 200 day moving average is $55.52. IAC/InterActive has a 52 week low of $38.82 and a 52 week high of $72.94.
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IAC/InterActive (NYSE:IAC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. The firm had revenue of $745.40 million for the quarter, compared to the consensus estimate of $748.73 million. During the same quarter in the previous year, the business earned $0.85 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. On average, analysts expect that IAC/InterActive will post $2.58 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in IAC. American International Group Inc. acquired a new stake in shares of IAC/InterActive during the second quarter worth about $105,000. NCM Capital Advisers Inc. purchased a new stake in IAC/InterActive during the second quarter valued at $126,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in IAC/InterActive during the second quarter valued at $135,000. 1832 Asset Management L.P. purchased a new stake in IAC/InterActive during the second quarter valued at $161,000. Finally, Tower Research Capital LLC TRC purchased a new stake in IAC/InterActive during the second quarter valued at $192,000.
IAC/InterActive Company Profile
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