Home Ice bergs Intercontinental Exchange, Inc. (NYSE: ICE) In light of consensus analysts’ “Buy” recommendation

Intercontinental Exchange, Inc. (NYSE: ICE) In light of consensus analysts’ “Buy” recommendation

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Shares of Intercontinental Exchange, Inc. (NYSE: ICE) received a consensus rating of “Buy” from the thirteen brokerages that hedge the stock, reports Marketbeat.com. Four investment analysts gave the stock a conservation rating, seven gave the company a buy rating and two gave the company a high buy rating. The 12-month average price target among brokerage firms that reported on the stock in the past year is $ 147.73.

A number of research companies have weighed in on ICE. Jefferies Financial Group began covering Intercontinental Exchange shares in a research note on Monday, October 25. They set a “buy” rating and a target price of $ 161.00 for the stock. Citigroup raised its target price on Intercontinental Exchange shares from $ 160.00 to $ 161.00 and gave the company a “buy” rating in a research note on Thursday, December 16. Deutsche Bank Aktiengesellschaft raised its target price on Intercontinental Exchange shares from $ 140.00 to $ 152.00 and gave the company a “buy” rating in a research note on Friday, October 29. Rosenblatt Securities raised its price target for Intercontinental Exchange shares from $ 138.00 to $ 157.00 and gave the stock a “buy” rating in a research report published on Friday, October 29. Finally, Zacks Investment Research downgraded the Intercontinental Exchange stock rating from a “buy” rating to a “hold” rating and set a target price of $ 144.00 on the stock. in a research report on Wednesday.

In addition, CEO Jeffrey C. Sprecher sold 60,000 shares of the Intercontinental Exchange in a transaction that took place on Thursday, December 9. The stock was sold for an average price of $ 134.75, for a total value of $ 8,085,000.00. The transaction was disclosed in a document filed with the SEC, accessible through this link. In addition, insider Lynn C. Martin sold 2,500 shares of Intercontinental Exchange in a trade that took place on Thursday, October 7. The stock was sold for an average price of $ 125.00, for a total value of $ 312,500.00. Disclosure of this sale can be found here. Insiders have sold 79,410 shares of the company valued at $ 10,654,987 in the past 90 days. 1.30% of the shares are held by insiders of the company.

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Large investors have recently shifted their positions in the stock. Moors & Cabot Inc. increased its position in Intercontinental Exchange by 16.8% in the third quarter. Moors & Cabot Inc. now owns 12,312 shares of the financial services provider valued at $ 1,411,000 after purchasing an additional 1,767 shares in the last quarter. Homrich & Berg increased its position in Intercontinental Exchange shares by 24.9% during the 3rd quarter. Homrich & Berg now owns 20,160 shares of the financial services provider valued at $ 2,315,000 after purchasing 4,021 additional shares in the last quarter. JB Capital LLC purchased a new position in Intercontinental Exchange shares during the 3rd quarter valued at $ 275,000. Guinness Atkinson Asset Management Inc increased its position in Intercontinental Exchange shares by 5.6% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 61,194 shares of the financial services provider valued at $ 7,026,000 after purchasing an additional 3,221 shares in the last quarter. Finally, Guinness Asset Management LTD increased its position in Intercontinental Exchange shares by 11.3% during the 3rd quarter. Guinness Asset Management LTD now owns 198,913 shares of the financial services provider valued at $ 22,839,000 after purchasing an additional 20,163 shares in the last quarter. 86.81% of the shares are currently held by institutional investors.

NYSE: ICE opened at $ 136.77 on Friday. Intercontinental Exchange has a 12-month low of $ 108.95 and a 12-month high of $ 139.79. The company has a market cap of $ 77.06 billion, a price / earnings ratio of 25.28, a P / E / G ratio of 2.58, and a beta of 0.81. The company has a quick ratio of 1.01, a current ratio of 1.01, and a debt ratio of 0.57. The company’s 50-day moving average is $ 134.54 and its 200-day moving average is $ 124.90.

Intercontinental Exchange (NYSE: ICE) last released its quarterly results on Thursday, October 28. The financial services provider reported EPS of $ 1.30 for the quarter, beating the Zacks’ consensus estimate of $ 1.23 by $ 0.07. Intercontinental Exchange had a net margin of 33.69% and a return on equity of 13.57%. The company posted revenue of $ 1.80 billion for the quarter, compared to analysts’ estimates of $ 1.76 billion. In the same quarter of last year, the company posted earnings per share of $ 1.03. The company’s quarterly revenue increased 27.6% compared to the same quarter last year. Research analysts predict that Intercontinental Exchange will post 5.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 31. Investors registered on Friday, December 17 received a dividend of $ 0.33. This represents a dividend of $ 1.32 on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, December 16. Intercontinental Exchange’s payout ratio is currently 24.40%.

Profile of the intercontinental exchange company

Intercontinental Exchange, Inc. engages in the management of the online market. It operates through the following segments: Exchanges; Fixed income and data services; and mortgage technology. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, Georgia.

Further reading: Example of operating profit, EBIT and EBITDA

Analyst Recommendations for Intercontinental Exchange (NYSE: ICE)

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