Intercontinental Exchange (NYSE:ICE) Given New $163.00 Price Target at Morgan Stanley

Intercontinental Exchange (NYSE:ICE) had its target price reduced by equities research analysts at Morgan Stanley from $187.00 to $163.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target points to a potential upside of 19.98% from the company’s previous close.

Several other research analysts have also issued reports on the stock. UBS Group lowered their price target on shares of Intercontinental Exchange from $205.00 to $190.00 and set a “buy” rating for the company in a report on Tuesday. Barclays decreased their price objective on shares of Intercontinental Exchange from $201.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday. Rothschild & Co Redburn set a $177.00 target price on shares of Intercontinental Exchange in a research note on Thursday, June 11th. Weiss Ratings lowered shares of Intercontinental Exchange from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Finally, Raymond James Financial set a $208.00 price target on shares of Intercontinental Exchange in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.33.

Intercontinental Exchange Trading Up 0.6%

NYSE ICE opened at $135.85 on Friday. The firm has a market capitalization of $76.83 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. The business’s 50-day moving average price is $142.91 and its two-hundred day moving average price is $155.73. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. Intercontinental Exchange has a 12 month low of $121.79 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. On average, analysts expect that Intercontinental Exchange will post 8.35 EPS for the current year.

Insider Activity

In related news, CTO Mayur Kapani sold 4,271 shares of Intercontinental Exchange stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $155.42, for a total value of $663,798.82. Following the completion of the sale, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,081,939.98. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total transaction of $390,033.60. Following the transaction, the chief financial officer owned 25,189 shares in the company, valued at approximately $3,945,604.96. The trade was a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 13,425 shares of company stock valued at $2,046,324. Corporate insiders own 0.84% of the company’s stock.

Institutional Trading of Intercontinental Exchange

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth $25,000. Holos Integrated Wealth LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth about $28,000. Steph & Co. raised its holdings in shares of Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 89 shares during the period. Brooklands Fund Management Ltd bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $28,000. Finally, Swiss RE Ltd. bought a new position in shares of Intercontinental Exchange during the 4th quarter worth $28,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange News Summary

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

• Positive Sentiment: Barclays reiterated an Overweight view and set a new $180 price target for ICE, suggesting meaningful upside from current levels. Intercontinental Exchange (NYSE:ICE) Given New $180.00 Price Target at Barclays
• Positive Sentiment: Brokerage coverage remains favorable overall, with ICE carrying a “Moderate Buy” consensus rating from analysts. Intercontinental Exchange Inc. (NYSE:ICE) Given Consensus Recommendation of “Moderate Buy” by Brokerages
• Positive Sentiment: Analysts continue to see upside tied to ICE’s upcoming quarterly report, with expectations for high single-digit EPS growth and support from its exchange, clearing, and data businesses. What to Expect From Intercontinental Exchange’s Next Quarterly Earnings Report
• Neutral Sentiment: ICE’s move lower versus peers reflects broader caution in exchange and market-structure stocks rather than a company-specific breakdown. Intercontinental Exchange Inc. stock underperforms Thursday when compared to competitors
• Neutral Sentiment: Higher coffee prices and volatile futures trading have been a market backdrop after ICE raised margin requirements, but this is more relevant to trading activity than to ICE’s core earnings outlook. Coffee Prices Finish Sharply Higher in Illiquid Market
• Negative Sentiment: Quiver Quant notes ICE has slid on softer June volume trends, with analysts cutting estimates for second-quarter trading activity and some related fee lines, which is weighing on sentiment ahead of earnings. Intercontinental Exchange Slides as Softer June Volume Trends Trigger Estimate Cuts

About Intercontinental Exchange

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.