IAC/InterActive (IAC) Given a $70.00 Price Target by Barclays PLC Analysts
IAC/InterActive (NYSE:IAC) has been given a $70.00 target price by research analysts at Barclays PLC in a research note issued to investors on Thursday. The firm presently has a a “buy” rating on the stock. Barclays PLC’s price objective would suggest a potential upside of 13.42% from the stock’s previous close.
Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. began coverage on IAC/InterActive in a research note on Tuesday. They set an “overweight” rating and a $78.00 price target for the company. Axiom Securities reissued a “buy” rating on shares of IAC/InterActive in a research note on Wednesday, June 22nd. Wells Fargo & Co. raised IAC/InterActive from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 20th. Susquehanna reissued a “positive” rating and set a $74.00 price target on shares of IAC/InterActive in a research note on Monday, August 8th. Finally, SunTrust Banks Inc. reissued a “buy” rating and set a $73.00 price target (up from $70.00) on shares of IAC/InterActive in a research note on Wednesday. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.50.
IAC/InterActive (NYSE:IAC) traded down 0.60% during trading on Thursday, hitting $61.72. The stock had a trading volume of 314,773 shares. The stock’s market cap is $4.91 billion. The stock has a 50 day moving average price of $60.19 and a 200-day moving average price of $55.57. IAC/InterActive has a 12 month low of $38.82 and a 12 month high of $72.94.
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IAC/InterActive (NYSE:IAC) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The firm earned $745.40 million during the quarter, compared to analysts’ expectations of $748.73 million. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. On average, equities analysts predict that IAC/InterActive will post $2.58 EPS for the current year.
Several large investors have recently modified their holdings of IAC. American International Group Inc. purchased a new position in IAC/InterActive during the second quarter valued at approximately $105,000. NCM Capital Advisers Inc. purchased a new position in IAC/InterActive during the second quarter valued at approximately $126,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in IAC/InterActive during the second quarter valued at approximately $135,000. 1832 Asset Management L.P. purchased a new position in IAC/InterActive during the second quarter valued at approximately $161,000. Finally, Tower Research Capital LLC TRC purchased a new position in IAC/InterActive during the second quarter valued at approximately $192,000.
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