Intercontinental Exchange, Inc. (NYSE:ICE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $174.13.

ICE has been the topic of a number of recent analyst reports. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Barclays cut their price target on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Bank of America boosted their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd.

Intercontinental Exchange Trading Down 0.6 %

Shares of Intercontinental Exchange stock opened at $155.55 on Friday. The firm’s 50 day simple moving average is $160.97 and its two-hundred day simple moving average is $149.92. The firm has a market capitalization of $89.31 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.57 and a beta of 1.08. Intercontinental Exchange has a 12-month low of $110.64 and a 12-month high of $167.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

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

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 4.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $187,360.00. Following the completion of the sale, the chief accounting officer now directly owns 16,665 shares in the company, valued at $2,666,400. This trade represents a 6.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,489 shares of company stock valued at $1,202,259 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Intercontinental Exchange

A number of institutional investors have recently modified their holdings of ICE. New Millennium Group LLC purchased a new stake in shares of Intercontinental Exchange during the 2nd quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $25,000. Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC boosted its position in Intercontinental Exchange by 1,470.0% during 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. Finally, Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange in the 3rd quarter worth $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Company Profile

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.