InterActiveCorp Rating Increased to Buy at Benchmark Co. (IACI)
InterActiveCorp (NASDAQ: IACI) was upgraded by research analysts at Benchmark Co. from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $59.00 target price on the stock, up from their previous target price of $50.00.
Shares of InterActiveCorp traded down 1.92% during mid-day trading on Thursday, hitting $49.50. InterActiveCorp has a one year low of $33.89 and a one year high of $52.78. The company has a market cap of $4.063 billion and a P/E ratio of 24.66.
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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer (NYSE: OPY) cut their EPS estimates on shares of InterActiveCorp in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup (NYSE: C) downgraded shares of InterActiveCorp from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, March 28th. They now have a $53.00 price target on the stock.
IAC/InterActiveCorp. (IAC) is an Internet company with more than 50 brands serving consumer audiences across more than 30 countries.