Brokerages Set Intercontinental Exchange Inc. (NYSE:ICE) PT at $193.50

Shares of Intercontinental Exchange Inc. (NYSE:ICEGet Free Report) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $193.50.

ICE has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Intercontinental Exchange from $175.00 to $193.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Piper Sandler reaffirmed an “overweight” rating and set a $195.00 price objective (down previously from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Barclays set a $182.00 target price on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Wednesday, January 14th.

Check Out Our Latest Report on Intercontinental Exchange

Intercontinental Exchange Trading Down 1.8%

Shares of ICE opened at $170.90 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The stock has a market cap of $97.44 billion, a PE ratio of 31.13, a PEG ratio of 2.12 and a beta of 1.03. Intercontinental Exchange has a 1 year low of $143.17 and a 1 year high of $189.35. The stock has a 50 day simple moving average of $160.68 and a 200-day simple moving average of $167.22.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.71. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.49 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 earnings per share. On average, sell-side analysts predict that Intercontinental Exchange will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange News Summary

Here are the key news stories impacting Intercontinental Exchange this week:

Insider Buying and Selling

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $163.20, for a total transaction of $261,120.00. Following the sale, the senior vice president owned 24,196 shares of the company’s stock, valued at $3,948,787.20. This represents a 6.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $153.08, for a total transaction of $22,962,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,801,705 shares of the company’s stock, valued at approximately $275,805,001.40. This represents a 7.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 166,068 shares of company stock valued at $25,470,702 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Intercontinental Exchange

Several hedge funds have recently modified their holdings of the stock. Princeton Global Asset Management LLC acquired a new position in Intercontinental Exchange during the 2nd quarter worth $28,000. Holos Integrated Wealth LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at $28,000. Westside Investment Management Inc. bought a new position in Intercontinental Exchange in the second quarter valued at about $29,000. Dorato Capital Management acquired a new stake in Intercontinental Exchange in the fourth quarter worth about $29,000. Finally, Private Wealth Management Group LLC raised its holdings in Intercontinental Exchange by 59.5% during the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

About Intercontinental Exchange

(Get Free Report)

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

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Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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