IAC/InterActiveCorp (NASDAQ:IAC) had its target price increased by Jefferies Financial Group to $240.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 22.66% from the stock’s previous close. Jefferies Financial Group also issued estimates for IAC/InterActiveCorp’s Q4 2018 earnings at $1.22 EPS.
Other equities research analysts have also recently issued research reports about the company. Benchmark upped their price target on IAC/InterActiveCorp from $176.00 to $182.00 in a report on Friday, May 11th. BidaskClub cut IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. BMO Capital Markets restated a “buy” rating and issued a $216.00 price target on shares of IAC/InterActiveCorp in a report on Friday, July 13th. Barclays restated a “buy” rating and issued a $178.00 price target on shares of IAC/InterActiveCorp in a report on Tuesday, May 8th. Finally, Deutsche Bank initiated coverage on IAC/InterActiveCorp in a report on Wednesday, May 30th. They issued a “buy” rating and a $189.35 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $199.75.
Shares of IAC stock opened at $195.66 on Tuesday. The company has a market cap of $16.41 billion, a PE ratio of 254.10, a price-to-earnings-growth ratio of 2.53 and a beta of 1.27. IAC/InterActiveCorp has a 12-month low of $112.34 and a 12-month high of $204.58. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.61.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, August 8th. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $1.50. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. The company’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. equities research analysts expect that IAC/InterActiveCorp will post 5.19 earnings per share for the current year.
A number of large investors have recently made changes to their positions in IAC. Massachusetts Financial Services Co. MA acquired a new stake in IAC/InterActiveCorp during the 2nd quarter valued at $12,722,000. Aperio Group LLC grew its holdings in IAC/InterActiveCorp by 8.8% during the 2nd quarter. Aperio Group LLC now owns 39,445 shares of the company’s stock valued at $6,015,000 after buying an additional 3,186 shares during the last quarter. TD Asset Management Inc. grew its holdings in IAC/InterActiveCorp by 6.4% during the 2nd quarter. TD Asset Management Inc. now owns 98,934 shares of the company’s stock valued at $15,086,000 after buying an additional 5,994 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in IAC/InterActiveCorp by 8.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 257,291 shares of the company’s stock valued at $39,234,000 after buying an additional 20,817 shares during the last quarter. Finally, First Manhattan Co. grew its holdings in IAC/InterActiveCorp by 39.1% during the 2nd quarter. First Manhattan Co. now owns 917,744 shares of the company’s stock valued at $139,946,000 after buying an additional 258,141 shares during the last quarter. Hedge funds and other institutional investors own 86.82% of the company’s stock.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.
See Also: Should You Consider an Index Fund?
Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.