Intercontinental Exchange Inc (NYSE:ICE) Receives Consensus Rating of “Buy” from Brokerages

Shares of Intercontinental Exchange Inc (NYSE:ICE) have been assigned an average rating of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $85.09.

ICE has been the subject of a number of analyst reports. ValuEngine raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Deutsche Bank lowered their price target on Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, March 15th. Wells Fargo & Co increased their price target on Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Zacks Investment Research lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Bank of America set a $85.00 price target on Intercontinental Exchange and gave the company a “buy” rating in a research report on Tuesday, April 9th.

In other news, General Counsel Andrew J. Surdykowski sold 1,200 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $81.00, for a total transaction of $97,200.00. Following the completion of the sale, the general counsel now directly owns 41,161 shares of the company’s stock, valued at approximately $3,334,041. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Scott A. Hill sold 26,933 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $73.32, for a total value of $1,974,727.56. Following the sale, the chief financial officer now directly owns 188,688 shares of the company’s stock, valued at $13,834,604.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,405 shares of company stock valued at $14,745,473. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in ICE. Sontag Advisory LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Intercontinental Exchange by 46.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 460 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 145 shares during the last quarter. Pittenger & Anderson Inc. purchased a new stake in shares of Intercontinental Exchange during the 1st quarter valued at $44,000. Lindbrook Capital LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $48,000. Finally, Resources Investment Advisors Inc. increased its position in shares of Intercontinental Exchange by 111.7% during the 4th quarter. Resources Investment Advisors Inc. now owns 635 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 335 shares during the last quarter. 88.97% of the stock is owned by hedge funds and other institutional investors.

NYSE ICE opened at $86.77 on Friday. The firm has a market capitalization of $48.20 billion, a P/E ratio of 24.17, a P/E/G ratio of 2.77 and a beta of 0.48. Intercontinental Exchange has a 12 month low of $69.69 and a 12 month high of $87.26. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.40.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. Intercontinental Exchange had a return on equity of 12.22% and a net margin of 31.98%. Intercontinental Exchange’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. Equities analysts expect that Intercontinental Exchange will post 3.75 EPS for the current year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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