Intercontinental Exchange Inc. (NYSE:ICE) has been assigned an average rating of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $67.75.

ICE has been the subject of a number of recent research reports. Royal Bank Of Canada set a $65.00 price target on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research note on Tuesday, June 6th. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and set a $70.00 price target on shares of Intercontinental Exchange in a research note on Monday, June 26th. Citigroup Inc. initiated coverage on shares of Intercontinental Exchange in a research note on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price target for the company. Finally, Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Thursday, July 13th.

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Intercontinental Exchange (NYSE:ICE) traded up 0.83% on Wednesday, reaching $70.46. 2,645,307 shares of the company’s stock traded hands. The firm has a market capitalization of $8.11 billion, a PE ratio of 26.11 and a beta of 0.74. Intercontinental Exchange has a 52-week low of $52.27 and a 52-week high of $70.63. The firm’s 50 day moving average price is $66.22 and its 200 day moving average price is $63.48.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. Intercontinental Exchange’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. On average, analysts predict that Intercontinental Exchange will post $2.94 EPS for the current fiscal year.

In other Intercontinental Exchange news, insider Charles A. Vice sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $64.32, for a total value of $804,000.00. Following the completion of the sale, the insider now owns 382,471 shares of the company’s stock, valued at $24,600,534.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles A. Vice sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $66.33, for a total transaction of $994,950.00. Following the completion of the sale, the insider now directly owns 384,971 shares of the company’s stock, valued at approximately $25,535,126.43. The disclosure for this sale can be found here. Insiders sold 120,420 shares of company stock valued at $7,882,176 in the last ninety days. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Park National Corp OH boosted its holdings in shares of Intercontinental Exchange by 48.1% in the third quarter. Park National Corp OH now owns 95,016 shares of the financial services provider’s stock valued at $6,527,000 after buying an additional 30,843 shares during the period. WFG Advisors LP boosted its holdings in shares of Intercontinental Exchange by 10.1% in the second quarter. WFG Advisors LP now owns 11,699 shares of the financial services provider’s stock valued at $771,000 after buying an additional 1,075 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Intercontinental Exchange by 25.4% in the second quarter. Toronto Dominion Bank now owns 201,609 shares of the financial services provider’s stock valued at $13,287,000 after buying an additional 40,863 shares during the period. Cetera Investment Advisers acquired a new position in shares of Intercontinental Exchange in the second quarter valued at approximately $219,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Intercontinental Exchange by 0.5% in the second quarter. Advisory Services Network LLC now owns 15,419 shares of the financial services provider’s stock valued at $1,016,000 after buying an additional 76 shares during the period. Institutional investors own 89.75% of the company’s stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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