Stifel Nicolaus cut shares of IAC/InterActiveCorp. (NASDAQ:IACI) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, TheFlyOnTheWall.com reports.
Stifel Nicolaus has also updated their ratings on a number of other information technology stocks in the last week. The firm downgraded shares of Bankrate Inc. from a buy rating to a hold rating. Their analysts now have a $23.00 price target on that stock. Also, Stifel Nicolaus lowered its price target on shares of Dice Holdings Inc. from $13.00 to $10.50. They have a buy rating on that stock.
Several other analysts have also recently commented on the stock. Analysts at Benchmark Co. raised their price target on shares of IAC/InterActiveCorp. from $63.00 to $66.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. Separately, analysts at Canaccord Genuity reiterated a hold rating on shares of IAC/InterActiveCorp. in a research note to investors on Friday, September 20th. They now have a $56.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of IAC/InterActiveCorp. from $58.00 to $62.00 in a research note to investors on Friday, September 20th. They now have a buy rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. IAC/InterActiveCorp. currently has a consensus rating of Buy and an average target price of $58.80.
Shares of IAC/InterActiveCorp. (NASDAQ:IACI) traded up 2.17% during mid-day trading on Wednesday, hitting $54.55. The stock had a trading volume of 1,901,963 shares. IAC/InterActiveCorp. has a 52-week low of $38.20 and a 52-week high of $55.57. The stock has a 50-day moving average of $54.60 and a 200-day moving average of $50.69. The company has a market cap of $4.526 billion and a P/E ratio of 25.03.
IAC/InterActiveCorp. (NASDAQ:IACI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.34. The company had revenue of $756.87 million for the quarter, compared to the consensus estimate of $805.70 million. During the same quarter last year, the company posted $0.71 earnings per share. IAC/InterActiveCorp.’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that IAC/InterActiveCorp. will post $4.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 1st. Investors of record on Friday, November 15th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, November 13th.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company consists of more than 150 brands and products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.