Canaccord Genuity Reaffirms Buy Rating on InterActiveCorp (IACI)

By admin | 7 years ago

InterActiveCorp (NASDAQ: IACI)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Thursday.

Shares of InterActiveCorp traded down 1.74% during mid-day trading on Thursday, hitting $49.59. InterActiveCorp has a 52 week low of $33.89 and a 52 week high of $52.78. The company has a market cap of $4.071 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.

A number of other firms have also recently commented on IACI. 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. Separately, 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.

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