Shares of Intercontinental Exchange Inc (NYSE:ICE) have been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $78.31.
ICE has been the subject of several research reports. Zacks Investment Research lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. JPMorgan Chase & Co. raised shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $76.00 to $83.00 in a report on Tuesday, February 20th. Deutsche Bank increased their target price on shares of Intercontinental Exchange from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, April 6th. Finally, Sanford C. Bernstein began coverage on shares of Intercontinental Exchange in a report on Monday, April 9th. They issued an “outperform” rating and a $85.00 target price for the company.
Get Intercontinental Exchange alerts:Shares of Intercontinental Exchange traded down $0.16, hitting $74.36, during midday trading on Tuesday, according to Marketbeat.com. 4,074,586 shares of the company’s stock traded hands, compared to its average volume of 2,265,249. Intercontinental Exchange has a 1 year low of $63.22 and a 1 year high of $76.69. The firm has a market capitalization of $43.07 billion, a P/E ratio of 25.21, a PEG ratio of 2.03 and a beta of 0.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Intercontinental Exchange had a net margin of 41.65% and a return on equity of 11.14%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities research analysts anticipate that Intercontinental Exchange will post 3.52 EPS for the current year.
In other Intercontinental Exchange news, Vice Chairman Charles A. Vice sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $75.65, for a total value of $2,647,750.00. Following the completion of the transaction, the insider now directly owns 417,507 shares in the company, valued at approximately $31,584,404.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Charles A. Vice sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $71.97, for a total value of $3,598,500.00. Following the completion of the transaction, the insider now owns 432,507 shares of the company’s stock, valued at $31,127,528.79. The disclosure for this sale can be found here. Insiders sold a total of 273,116 shares of company stock valued at $19,591,954 over the last three months. 1.50% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. bought a new position in Intercontinental Exchange in the 4th quarter worth approximately $109,000. Valeo Financial Advisors LLC boosted its stake in Intercontinental Exchange by 257.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,627 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,172 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at approximately $122,000. Bedel Financial Consulting Inc. bought a new position in shares of Intercontinental Exchange during the 1st quarter valued at approximately $127,000. Finally, Institutional & Family Asset Management LLC bought a new position in shares of Intercontinental Exchange during the 1st quarter valued at approximately $128,000. Institutional investors and hedge funds own 89.03% of the company’s stock.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
No comments:
Post a Comment