IAC Inc. (NASDAQ:IAC – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $78.69.
A number of equities research analysts have recently issued reports on IAC shares. KeyCorp increased their target price on IAC from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Barclays increased their price objective on shares of IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. UBS Group boosted their target price on shares of IAC from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Truist Financial raised their price target on shares of IAC from $77.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 15th.
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Hedge Funds Weigh In On IAC
IAC Stock Up 1.1 %
IAC opened at $48.62 on Friday. The company has a market cap of $3.89 billion, a PE ratio of 19.60 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 2.36. IAC has a 1 year low of $41.39 and a 1 year high of $69.85. The firm has a 50 day moving average price of $52.13 and a 200 day moving average price of $50.24.
IAC (NASDAQ:IAC – Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.53). IAC had a net margin of 6.09% and a negative return on equity of 4.15%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. Sell-side analysts expect that IAC will post -2.02 earnings per share for the current 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.
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