Intercontinental Exchange, Inc. (NYSE:ICE) Receives $175.07 Consensus Target Price from Analysts

Intercontinental Exchange, Inc. (NYSE:ICE) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $175.07.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday. Piper Sandler upped their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group increased their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday.

Insiders Place Their Bets

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the transaction, the general counsel now directly owns 44,702 shares in the company, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company’s stock, valued at $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,533 shares of company stock valued at $1,196,279 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intercontinental Exchange

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in Intercontinental Exchange in the second quarter valued at $25,000. Wolff Wiese Magana LLC lifted its position in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. increased its position in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after buying an additional 87 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Intercontinental Exchange in the third quarter worth about $29,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $146.35 on Monday. The firm has a market capitalization of $84.03 billion, a PE ratio of 34.68, a P/E/G ratio of 2.57 and a beta of 1.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $154.52 and a two-hundred day moving average price of $155.21. Intercontinental Exchange has a twelve month low of $124.34 and a twelve month high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm earned $1.46 EPS. Intercontinental Exchange’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts forecast that Intercontinental Exchange will post 6.07 EPS for the current year.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.