Intercontinental Exchange Inc (NYSE:ICE) Receives $102.07 Average Target Price from Analysts

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Shares of Intercontinental Exchange Inc (NYSE:ICE) have been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $102.69.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Co increased their target price on shares of Intercontinental Exchange from $95.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Citigroup increased their target price on shares of Intercontinental Exchange from $93.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Bank of America reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Tuesday, March 24th. Oppenheimer reduced their target price on shares of Intercontinental Exchange from $106.00 to $103.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Finally, UBS Group reduced their target price on shares of Intercontinental Exchange from $116.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th.

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 3,991 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $91.26, for a total transaction of $364,218.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Jefferson Hague sold 733 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $96.32, for a total transaction of $70,602.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,029 shares of company stock worth $927,633. 1.50% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Virtus ETF Advisers LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $26,000. Ellevest Inc. raised its position in shares of Intercontinental Exchange by 148.7% in the 2nd quarter. Ellevest Inc. now owns 286 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Engrave Wealth Partners LLC purchased a new position in Intercontinental Exchange during the 4th quarter worth approximately $29,000. Solstein Capital LLC purchased a new position in Intercontinental Exchange during the 4th quarter worth approximately $33,000. Finally, Fortis Advisors LLC purchased a new position in Intercontinental Exchange during the 1st quarter worth approximately $33,000. Institutional investors own 87.44% of the company’s stock.

Shares of ICE traded down $1.04 during mid-day trading on Wednesday, reaching $92.26. The stock had a trading volume of 2,084,900 shares, compared to its average volume of 3,792,156. Intercontinental Exchange has a 12 month low of $63.51 and a 12 month high of $101.93. The business has a fifty day moving average of $94.22 and a 200 day moving average of $91.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $50.72 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.49 and a beta of 0.54.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.24 by $0.04. Intercontinental Exchange had a net margin of 29.65% and a return on equity of 13.85%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, research analysts forecast that Intercontinental Exchange will post 4.51 EPS for the current fiscal year.

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, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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