Somewhat Positive News Coverage Somewhat Unlikely to Affect Intercontinental Exchange (ICE) Share Price
News headlines about Intercontinental Exchange (NYSE:ICE) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Intercontinental Exchange earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.73138441898 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- ICE delays takeover of London’s silver benchmark to October 2 (4-traders.com)
- ICE Benchmark Administration to Launch LBMA Silver Price on 2 October 2017 (finance.yahoo.com)
- BEST Inc., Largest US IPO of a Chinese Company This Year, Lists on the New York Stock Exchange – Business Wire (press release) (businesswire.com)
- MetLife, Inc. (MET) noted a price change of 0.74% and Intercontinental Exchange, Inc. (ICE) closes with a move of 0.41% – Stocks Gallery (stocksgallery.com)
Shares of Intercontinental Exchange (NYSE ICE) opened at 67.05 on Monday. The company has a market capitalization of $7.71 billion, a P/E ratio of 24.84 and a beta of 0.72. Intercontinental Exchange has a 12-month low of $52.27 and a 12-month high of $67.48. The company has a 50 day moving average price of $65.38 and a 200 day moving average price of $62.86.
Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. Intercontinental Exchange’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Equities analysts anticipate that Intercontinental Exchange will post $2.94 EPS for the current year.
Several analysts have recently weighed in on ICE shares. Jefferies Group LLC reiterated a “buy” rating and set a $73.00 target price on shares of Intercontinental Exchange in a research report on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating on shares of Intercontinental Exchange in a research report on Tuesday, August 15th. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Thursday, July 13th. BidaskClub upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Citigroup Inc. assumed coverage on Intercontinental Exchange in a report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Intercontinental Exchange has a consensus rating of “Buy” and an average target price of $68.81.
In other Intercontinental Exchange news, CFO Scott A. Hill sold 17,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $65.00, for a total value of $1,105,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Charles A. Vice sold 12,500 shares of the stock in a transaction dated 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 directly owns 382,471 shares in the company, valued at approximately $24,600,534.72. The disclosure for this sale can be found here. Insiders sold a total of 137,420 shares of company stock worth $8,987,176 in the last ninety days. 1.50% of the stock is owned by corporate insiders.
About Intercontinental Exchange
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.
Receive News & Ratings for Intercontinental Exchange Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.