Intercontinental Exchange (NYSE:ICE - Get Free Report) had its price objective hoisted by research analysts at Morgan Stanley from $160.00 to $174.00 in a report released on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price target suggests a potential upside of 4.85% from the stock's previous close.
Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Barclays increased their price objective on Intercontinental Exchange from $167.00 to $179.00 and gave the company an "overweight" rating in a report on Monday, October 7th. The Goldman Sachs Group lifted their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Raymond James cut shares of Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target for the company. in a research note on Monday. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $172.80.
Read Our Latest Stock Report on Intercontinental Exchange
Shares of NYSE ICE traded up $0.82 during midday trading on Thursday, hitting $165.95. 890,865 shares of the company's stock were exchanged, compared to its average volume of 2,477,315. The firm's fifty day simple moving average is $160.08 and its 200-day simple moving average is $145.86. The company has a market cap of $95.19 billion, a PE ratio of 37.97, a P/E/G ratio of 2.62 and a beta of 1.08. Intercontinental Exchange has a twelve month low of $104.49 and a twelve month high of $167.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The company had revenue of $2.32 billion for the quarter, compared to analysts' expectations of $2.31 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm's revenue for the quarter was up 22.7% on a year-over-year basis. Research analysts predict that Intercontinental Exchange will post 6.08 EPS for the current fiscal year.
In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the transaction, the insider now owns 14,034 shares in the company, valued at approximately $2,284,875.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,532 shares of company stock worth $1,358,709. 1.10% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ICE. Annapolis Financial Services LLC lifted its position in shares of Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider's stock worth $25,000 after purchasing an additional 163 shares in the last quarter. New Millennium Group LLC bought a new stake in Intercontinental Exchange during the 2nd quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Intercontinental Exchange during the 2nd quarter worth $25,000. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange in the second quarter worth $25,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.
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.
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