Intercontinental Exchange (ICE) Earning Somewhat Favorable News Coverage, Analysis Finds

News coverage about Intercontinental Exchange (NYSE:ICE) has trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intercontinental Exchange earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.5752858912515 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Intercontinental Exchange (ICE) traded up 0.59% during midday trading on Wednesday, reaching $70.09. The firm has a market cap of $8.06 billion, a PE ratio of 25.97 and a beta of 0.74. Intercontinental Exchange has a one year low of $52.27 and a one year high of $71.24. The company has a 50 day moving average of $66.89 and a 200 day moving average of $63.83.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $0.69 EPS. Intercontinental Exchange’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts anticipate that Intercontinental Exchange will post $2.95 EPS for the current fiscal year.

A number of equities analysts recently commented on ICE shares. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Intercontinental Exchange in a research note on Monday, June 26th. Citigroup Inc. started coverage on shares of Intercontinental Exchange in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price objective for the company. Royal Bank Of Canada raised shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $65.00 to $70.00 in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Thursday, July 13th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $69.94.

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In other news, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $66.93, for a total value of $836,625.00. Following the sale, the insider now owns 382,471 shares of the company’s stock, valued at $25,598,784.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 80,420 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.24, for a total transaction of $5,246,600.80. The disclosure for this sale can be found here. Insiders have sold a total of 155,550 shares of company stock worth $10,394,455 over the last three months. 1.50% of the stock is currently owned by insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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