Credit Suisse Raises InterActiveCorp EPS Estimates (IACI)
Investment analysts at Credit Suisse (NYSE: CS) increased their earnings per share estimates on shares of InterActiveCorp (NASDAQ: IACI) in a note issued to investors on Thursday. The firm currently has an “outperform” rating and a $58.00 price target on the company’s shares.
Shares of InterActiveCorp opened at 50.47 on Thursday. InterActiveCorp has a one year low of $33.89 and a one year high of $52.78. The company has a market cap of $4.102 billion and a P/E ratio of 27.31.
The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.51 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.46 EPS by $0.05. The company’s quarterly revenue was up 39.2% on a year-over-year basis. On average, analysts predict that InterActiveCorp will post $0.72 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of InterActiveCorp in a research note to investors on Thursday. Separately, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of InterActiveCorp from $60.00 to $63.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Benchmark Co. upgraded shares of InterActiveCorp from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $59.00 price target on the stock, up previously from $50.00.
IAC/InterActiveCorp. (IAC) is an Internet company with more than 50 brands serving consumer audiences across more than 30 countries.