Analysts Set Intercontinental Exchange Inc (NYSE:ICE) PT at $87.95

Shares of Intercontinental Exchange Inc (NYSE:ICE) have received a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $87.95.

Several research firms have recently weighed in on ICE. Raymond James lifted their price objective on Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 5th. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Finally, Citigroup lowered Intercontinental Exchange from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $92.00 to $99.00 in a research report on Monday, July 22nd.

Shares of ICE opened at $92.01 on Friday. The firm has a market cap of $52.05 billion, a P/E ratio of 25.63, a PEG ratio of 3.01 and a beta of 0.50. Intercontinental Exchange has a 12 month low of $69.69 and a 12 month high of $93.40. The stock’s 50-day moving average is $89.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that Intercontinental Exchange will post 3.78 EPS for the current fiscal year.

In related news, General Counsel Andrew J. Surdykowski sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Charles A. Vice sold 20,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $82.29, for a total value of $1,645,800.00. Following the completion of the sale, the insider now directly owns 426,771 shares of the company’s stock, valued at $35,118,985.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 179,966 shares of company stock valued at $15,414,996. Corporate insiders own 1.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of ICE. Brandywine Oak Private Wealth LLC increased its holdings in Intercontinental Exchange by 3.6% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 3,247 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 113 shares in the last quarter. HCR Wealth Advisors increased its holdings in Intercontinental Exchange by 0.8% during the 2nd quarter. HCR Wealth Advisors now owns 14,559 shares of the financial services provider’s stock worth $1,251,000 after purchasing an additional 113 shares in the last quarter. Sandy Spring Bank increased its holdings in Intercontinental Exchange by 41.8% during the 2nd quarter. Sandy Spring Bank now owns 404 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 119 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in Intercontinental Exchange by 51.3% during the 2nd quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 122 shares in the last quarter. Finally, CWM LLC increased its holdings in Intercontinental Exchange by 6.4% during the 1st quarter. CWM LLC now owns 2,138 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 128 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Company Profile

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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Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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