Analysts Set Intercontinental Exchange Inc. (NYSE:ICE) Target Price at $193.50

Shares of Intercontinental Exchange Inc. (NYSE:ICEGet Free Report) have received a consensus rating of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $193.50.

ICE has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Wednesday, January 7th. TD Cowen raised their target price on Intercontinental Exchange from $175.00 to $193.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Keefe, Bruyette & Woods raised Intercontinental Exchange to a “moderate buy” rating in a report on Monday, October 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. decreased their target price on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st.

View Our Latest Stock Analysis on ICE

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,081 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $151.00, for a total value of $314,231.00. Following the completion of the transaction, the general counsel directly owned 44,212 shares in the company, valued at approximately $6,676,012. This represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 3,700 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $157.96, for a total value of $584,452.00. Following the sale, the director owned 14,469 shares in the company, valued at $2,285,523.24. This represents a 20.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 166,068 shares of company stock worth $25,470,702 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors and hedge funds have recently made changes to their positions in ICE. Optivise Advisory Services LLC boosted its holdings in Intercontinental Exchange by 3.1% in the second quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 54 shares in the last quarter. ICONIQ Capital LLC raised its position in shares of Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 56 shares during the last quarter. Tritonpoint Wealth LLC boosted its stake in Intercontinental Exchange by 1.4% in the 2nd quarter. Tritonpoint Wealth LLC now owns 4,347 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 58 shares in the last quarter. SBI Securities Co. Ltd. grew its position in Intercontinental Exchange by 5.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 58 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in Intercontinental Exchange by 1.9% during the 2nd quarter. Institute for Wealth Management LLC. now owns 3,255 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Key Headlines Impacting Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

Intercontinental Exchange Stock Up 0.5%

ICE stock opened at $174.20 on Friday. Intercontinental Exchange has a 52 week low of $143.17 and a 52 week high of $189.35. The business has a 50-day simple moving average of $159.81 and a 200 day simple moving average of $167.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The company has a market cap of $99.33 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, meeting the consensus estimate of $1.71. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $1.55 EPS. Sell-side analysts anticipate that Intercontinental Exchange will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Company Profile

(Get Free Report)

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

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Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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