Intercontinental Exchange Inc. (NYSE:ICE) Stock Has Average Target Price of $186.31 According to Analysts

Shares of Intercontinental Exchange Inc. (NYSE:ICE) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $186.31.

ICE has been the topic of several research reports. Wells Fargo & Company reiterated an “underweight” rating and set a $160.00 price target (up from $159.00) on shares of Intercontinental Exchange in a research report on Wednesday, October 14th. Barclays reissued an “overweight” rating and set a $189.00 price objective (up from $182.00) on shares of Intercontinental Exchange in a report on Wednesday, October 7th. UBS Group restated a “buy” rating and issued a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Argus dropped their target price on shares of Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Intercontinental Exchange in a research note on Wednesday, October 7th.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $158.78 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $89.14 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.46 and a beta of 0.94. The business’s fifty day moving average is $156.80 and its two-hundred day moving average is $150.84. Intercontinental Exchange has a 52 week low of $121.79 and a 52 week high of $176.05.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts forecast that Intercontinental Exchange will post 8.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Intercontinental Exchange

In related news, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $160.00, for a total value of $256,000.00. Following the completion of the transaction, the senior vice president owned 15,863 shares in the company, valued at $2,538,080. The trade was a 9.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Andrew J. Surdykowski sold 4,574 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $161.77, for a total value of $739,935.98. Following the transaction, the general counsel directly owned 43,065 shares in the company, valued at approximately $6,966,625.05. This represents a 9.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,179 shares of company stock valued at $6,473,715 over the last three months. Insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ICE. BlackRock Inc. acquired a new position in Intercontinental Exchange in the 2nd quarter worth $6,245,085,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Intercontinental Exchange during the 2nd quarter worth about $714,869,000. Flossbach Von Storch SE acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $649,900,000. Bank of America Corp DE acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $521,557,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $474,012,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE:ICE) is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.