Shares of Intercontinental Exchange Inc (NYSE:ICE) have received an average recommendation of “Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $87.94.
ICE has been the subject of a number of recent research reports. Raymond James boosted their price objective on Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 5th. Citigroup cut shares of Intercontinental Exchange from a “buy” rating to a “neutral” rating and raised their target price for the stock from $92.00 to $99.00 in a research note on Monday, July 22nd. Finally, ValuEngine upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, May 13th.
NYSE:ICE traded down $2.06 during mid-day trading on Thursday, hitting $90.12. 2,533,402 shares of the company traded hands, compared to its average volume of 2,478,696. The stock’s fifty day moving average price is $91.59 and its 200-day moving average price is $83.77. Intercontinental Exchange has a one year low of $69.69 and a one year high of $95.55. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm has a market cap of $53.18 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 3.07 and a beta of 0.49.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.85%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.90 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange will post 3.77 EPS for the current year.
In other news, COO Lynn C. Martin sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $94.75, for a total value of $236,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott A. Hill sold 33,875 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $90.06, for a total value of $3,050,782.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,160 shares of company stock worth $15,261,966. Insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of ICE. Next Capital Management LLC bought a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $26,000. Carroll Financial Associates Inc. grew its stake in Intercontinental Exchange by 51.3% during the second quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 122 shares in the last quarter. Arlington Partners LLC purchased a new position in Intercontinental Exchange during the second quarter valued at $34,000. Sandy Spring Bank grew its stake in Intercontinental Exchange by 41.8% during the second quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 119 shares in the last quarter. Finally, Capital Advisors Ltd. LLC bought a new stake in Intercontinental Exchange in the 2nd quarter valued at $42,000. 90.43% of the stock is currently owned by institutional investors.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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