Intercontinental Exchange, Inc. (NYSE:ICE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $175.07.

A number of analysts recently commented on the stock. Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research report on Monday, October 14th. Barclays lifted their price target on Intercontinental Exchange from $173.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley increased their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction 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 completion of the sale, the general counsel now directly owns 44,702 shares in the company, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,533 shares of company stock worth $1,196,279. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Intercontinental Exchange by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider’s stock worth $5,647,000 after purchasing an additional 366 shares during the period. Park National Corp OH lifted its holdings in Intercontinental Exchange by 2.6% in the fourth quarter. Park National Corp OH now owns 189,564 shares of the financial services provider’s stock worth $28,247,000 after buying an additional 4,862 shares during the period. Diversified Trust Co boosted its position in Intercontinental Exchange by 55.3% during the 4th quarter. Diversified Trust Co now owns 9,247 shares of the financial services provider’s stock valued at $1,378,000 after acquiring an additional 3,294 shares in the last quarter. Iowa State Bank boosted its position in Intercontinental Exchange by 0.9% during the 4th quarter. Iowa State Bank now owns 30,194 shares of the financial services provider’s stock valued at $4,499,000 after acquiring an additional 267 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its holdings in shares of Intercontinental Exchange by 1.5% during the 4th quarter. CWA Asset Management Group LLC now owns 5,431 shares of the financial services provider’s stock worth $809,000 after acquiring an additional 82 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 2.6 %

ICE stock opened at $142.73 on Monday. The stock has a market cap of $81.95 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.57 and a beta of 1.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $154.09 and its two-hundred day simple moving average is $155.18. Intercontinental Exchange has a 1-year low of $124.34 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (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 analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.46 EPS. Intercontinental Exchange’s quarterly revenue was up 17.3% compared to the same quarter last year. Analysts expect 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.