Somewhat Favorable News Coverage Somewhat Unlikely to Affect Intercontinental Exchange (ICE) Stock Price
Press coverage about Intercontinental Exchange (NYSE:ICE) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Intercontinental Exchange earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.1332600070498 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Interactive Brokers Group (IBKR) & Intercontinental Exchange (ICE) Head-To-Head Comparison (americanbankingnews.com)
- Investors need to focus on Analysts Rating: Intercontinental Exchange, Inc. (ICE) – Wall Street Morning (wallstreetmorning.com)
- Worthy Analytical Review for Intercontinental Exchange, Inc. (NYSE:ICE) – The Oracle Examiner (oracleexaminer.com)
- Intercontinental Exchange Inc (ICE) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- ICE – IntercontinentalExchange Inc.: NYSE Extends Global IPO Leadership for Seventh Consecutive Year (twst.com)
Several research firms have recently issued reports on ICE. UBS increased their price objective on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Citigroup increased their price objective on shares of Intercontinental Exchange from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Barclays increased their price objective on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Royal Bank of Canada increased their price objective on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Finally, Wells Fargo & Company increased their price objective on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $74.44.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. research analysts forecast that Intercontinental Exchange will post 2.95 EPS for the current fiscal year.
Intercontinental Exchange declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In other news, insider Charles A. Vice sold 12,500 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $68.52, for a total value of $856,500.00. Following the completion of the transaction, the insider now directly owns 382,471 shares in the company, valued at $26,206,912.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Charles A. Vice sold 7,500 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $71.93, for a total transaction of $539,475.00. Following the completion of the transaction, the insider now owns 377,471 shares of the company’s stock, valued at $27,151,489.03. The disclosure for this sale can be found here. Insiders sold 78,130 shares of company stock valued at $5,468,644 over the last 90 days. Insiders own 1.50% of the company’s stock.
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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.
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