IAC/InterActive (IAC) Given a $70.00 Price Target at Barclays PLC
IAC/InterActive (NYSE:IAC) has been given a $70.00 price objective by Barclays PLC in a research report issued on Thursday. The brokerage presently has a a “buy” rating on the stock. Barclays PLC’s price objective indicates a potential upside of 13.42% from the stock’s previous close.
Several other research firms have also recently weighed in on IAC. Jefferies Group reiterated a “hold” rating on shares of IAC/InterActive in a research note on Monday, July 11th. Zacks Investment Research lowered shares of IAC/InterActive from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Axiom Securities reissued a “buy” rating and issued a $80.00 price target (up previously from $74.00) on shares of IAC/InterActive in a research report on Friday, October 7th. BMO Capital Markets reissued an “outperform” rating and issued a $75.00 price target on shares of IAC/InterActive in a research report on Friday, July 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target (up previously from $62.00) on shares of IAC/InterActive in a research report on Tuesday, June 21st. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $69.50.
IAC/InterActive (NYSE:IAC) traded down 0.60% during midday trading on Thursday, reaching $61.72. The company’s stock had a trading volume of 314,773 shares. The stock’s market capitalization is $4.91 billion. IAC/InterActive has a 52-week low of $38.82 and a 52-week high of $72.94. The firm has a 50-day moving average price of $60.19 and a 200 day moving average price of $55.57.
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IAC/InterActive (NYSE:IAC) last released its earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The company had revenue of $745.40 million for the quarter, compared to analyst estimates of $748.73 million. During the same period in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts predict that IAC/InterActive will post $2.58 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of IAC. Howard Hughes Medical Institute bought a new stake in shares of IAC/InterActive during the second quarter worth $402,000. Contrarius Investment Management Ltd bought a new stake in shares of IAC/InterActive during the second quarter worth $3,104,000. KBC Group NV bought a new stake in shares of IAC/InterActive during the second quarter worth $1,777,000. Swiss National Bank bought a new stake in shares of IAC/InterActive during the second quarter worth $7,178,000. Finally, Suntrust Banks Inc. bought a new stake in shares of IAC/InterActive during the second quarter worth $318,000.
IAC/InterActive Company Profile
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