Intercontinental Exchange, Inc. (NYSE:ICE) has been given an average rating of “Buy” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $129.00.
Several brokerages have recently weighed in on ICE. Morgan Stanley upped their price objective on Intercontinental Exchange from $122.00 to $124.00 and gave the company an “equal weight” rating in a report on Monday, August 2nd. Raymond James upped their target price on Intercontinental Exchange from $136.00 to $140.00 and gave the company a “strong-buy” rating in a report on Friday, July 30th. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $126.00 target price for the company. in a report on Friday, September 17th. Finally, The Goldman Sachs Group raised Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, June 23rd.
In other Intercontinental Exchange news, COO Mark Wassersug sold 2,000 shares of the company’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO James W. Namkung sold 1,887 shares of the company’s stock in a transaction dated Wednesday, July 21st. The stock was sold at an average price of $120.00, for a total value of $226,440.00. The disclosure for this sale can be found here. Insiders have sold 7,645 shares of company stock worth $913,410 over the last three months. 1.30% of the stock is owned by insiders.
Shares of Intercontinental Exchange stock opened at $118.91 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The firm has a market cap of $66.96 billion, a price-to-earnings ratio of 23.78 and a beta of 0.73. The business has a fifty day simple moving average of $118.92 and a 200-day simple moving average of $116.43. Intercontinental Exchange has a fifty-two week low of $92.41 and a fifty-two week high of $122.42.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, July 29th. The financial services provider reported $1.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.71 billion. Intercontinental Exchange had a return on equity of 13.16% and a net margin of 32.25%. Analysts anticipate that Intercontinental Exchange will post 4.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Thursday, September 16th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, September 15th. Intercontinental Exchange’s payout ratio is 29.27%.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc engages in the management of online marketplace. It operates through the following segments: Exchanges; Fixed Income and Data Services; and Mortgage Technology. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, GA.
Recommended Story: How To Calculate Debt-to-Equity Ratio
Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.