IAC/InterActiveCorp (IAC) Can’t Be More Hot. Just Reaches 52-Week High

March 13, 2018 - By Hazel Jackson

The stock of IAC/InterActiveCorp (NASDAQ:IAC) hit a new 52-week high and has $172.52 target or 7.00 % above today’s $161.23 share price. The 7 months bullish chart indicates low risk for the $13.33B company. The 1-year high was reported on Mar, 13 by Barchart.com. If the $172.52 price target is reached, the company will be worth $933.24M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.52% or $0.83 during the last trading session, reaching $161.23. About 285,036 shares traded. IAC/InterActiveCorp (NASDAQ:IAC) has risen 94.44% since March 13, 2017 and is uptrending. It has outperformed by 77.74% the S&P500.

Analysts await IAC/InterActiveCorp (NASDAQ:IAC) to report earnings on May, 2. They expect $0.38 earnings per share, up 660.00 % or $0.33 from last year’s $0.05 per share. IAC’s profit will be $31.42 million for 106.07 P/E if the $0.38 EPS becomes a reality. After $0.76 actual earnings per share reported by IAC/InterActiveCorp for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

IAC/InterActiveCorp (NASDAQ:IAC) Ratings Coverage

Among 16 analysts covering InterActiveCorp (NASDAQ:IAC), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. InterActiveCorp had 25 analyst reports since February 4, 2016 according to SRatingsIntel. As per Friday, February 12, the company rating was upgraded by Stifel Nicolaus. Benchmark maintained IAC/InterActiveCorp (NASDAQ:IAC) rating on Friday, November 4. Benchmark has “Buy” rating and $90 target. The rating was maintained by Benchmark on Thursday, February 4 with “Buy”. The stock of IAC/InterActiveCorp (NASDAQ:IAC) earned “Outperform” rating by Oppenheimer on Thursday, February 4. The stock of IAC/InterActiveCorp (NASDAQ:IAC) has “Neutral” rating given on Friday, January 20 by Guggenheim. Benchmark maintained the stock with “Buy” rating in Friday, February 3 report. Barclays Capital maintained the shares of IAC in report on Thursday, February 4 with “Overweight” rating. The company was maintained on Wednesday, February 8 by Aegis Capital. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, February 4. Aegis Capital initiated it with “Buy” rating and $80 target in Friday, November 18 report.

Another recent and important IAC/InterActiveCorp (NASDAQ:IAC) news was published by Gurufocus.com which published an article titled: “IAC/InterActiveCorp (IAC) Files 10-K for the Fiscal Year Ended on December 31 …” on March 02, 2018.

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet firm in the United States and internationally. The company has market cap of $13.33 billion. It operates through six divisions: Match Group, HomeAdvisor, Video, Applications, Publishing, and Other. It has a 50.68 P/E ratio. The Match Group segment provides dating products, which enables a user to establish a profile and review other people's profiles in 42 languages; and non-dating services, including educational test preparation, academic tutoring, and college counseling services.

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