Shares of IAC Inc. (NASDAQ:IAC – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $70.91.
Several equities research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of IAC from $70.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. Truist Financial cut their price objective on IAC from $88.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Macquarie reiterated an “outperform” rating and issued a $14.00 price target on shares of IAC in a report on Thursday, November 14th. KeyCorp reduced their price objective on IAC from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Finally, UBS Group upgraded shares of IAC to a “hold” rating in a research note on Monday, October 28th.
View Our Latest Stock Analysis on IAC
Hedge Funds Weigh In On IAC
IAC Stock Up 0.9 %
Shares of IAC stock opened at $47.65 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. IAC has a 1-year low of $43.51 and a 1-year high of $58.29. The business has a 50-day moving average of $51.87 and a 200-day moving average of $50.81. The company has a market capitalization of $3.83 billion, a PE ratio of -110.81 and a beta of 1.33.
IAC (NASDAQ:IAC – Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($2.73). IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The business had revenue of $938.70 million for the quarter, compared to analyst estimates of $922.62 million. During the same quarter last year, the business earned ($0.30) EPS. IAC’s revenue for the quarter was down 15.5% compared to the same quarter last year. As a group, equities analysts forecast that IAC will post -3.97 EPS for the current fiscal year.
IAC Company Profile
IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.
Featured Articles
- Five stocks we like better than IAC
- The Role Economic Reports Play in a Successful Investment Strategy
- Super Micro Computer Soars 28%: Is It Really Out of the Woods?
- 3 Warren Buffett Stocks to Buy Now
- Traders Are Flocking Back to Oil: What’s Fueling the Optimism
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- 3 Hot Stock Trends to Ride Into 2025
Receive News & Ratings for IAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC and related companies with MarketBeat.com's FREE daily email newsletter.