Intercontinental Exchange Inc. (ICE) PT Raised to $78.00

Intercontinental Exchange Inc. (NYSE:ICE) had its price objective lifted by research analysts at Barclays PLC from $72.00 to $78.00 in a research note issued on Tuesday. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays PLC’s price objective suggests a potential upside of 12.29% from the stock’s current price.

A number of other research analysts also recently commented on ICE. Wells Fargo & Company increased their price target on Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, October 5th. Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Sunday. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, August 15th. Finally, BidaskClub downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.94.

Shares of Intercontinental Exchange (ICE) traded up 0.46% during midday trading on Tuesday, hitting $69.78. The stock had a trading volume of 976,666 shares. The stock has a 50 day moving average of $66.61 and a 200-day moving average of $63.71. The company has a market cap of $8.03 billion, a P/E ratio of 25.85 and a beta of 0.74. Intercontinental Exchange has a one year low of $52.27 and a one year high of $71.24.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. Analysts forecast that Intercontinental Exchange will post $2.95 EPS for the current fiscal year.

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In other news, CFO Scott A. Hill sold 37,630 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total transaction of $2,635,228.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles A. Vice sold 12,500 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total value of $836,625.00. Following the sale, the insider now owns 382,471 shares in the company, valued at $25,598,784.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,050 shares of company stock worth $9,522,455. 1.50% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Alerus Financial NA acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $4,256,000. NBT Bank N A NY acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $245,000. Quest Investment Management LLC acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth approximately $2,837,000. BB&T Securities LLC raised its position in shares of Intercontinental Exchange by 140.0% during the 2nd quarter. BB&T Securities LLC now owns 18,404 shares of the financial services provider’s stock worth $1,213,000 after purchasing an additional 10,735 shares during the period. Finally, State of Tennessee Treasury Department raised its position in shares of Intercontinental Exchange by 32.8% during the 2nd quarter. State of Tennessee Treasury Department now o

A number of other research analysts also recently commented on ICE. Wells Fargo & Company increased their price target on Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a report on Thursday, October 5th. Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Sunday. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, August 15th. Finally, BidaskClub downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.94.

Shares of Intercontinental Exchange (ICE) traded up 0.46% during midday trading on Tuesday, hitting $69.78. The stock had a trading volume of 976,666 shares. The stock has a 50 day moving average of $66.61 and a 200-day moving average of $63.71. The company has a market cap of $8.03 billion, a P/E ratio of 25.85 and a beta of 0.74. Intercontinental Exchange has a one year low of $52.27 and a one year high of $71.24.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. Analysts forecast that Intercontinental Exchange will post $2.95 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/intercontinental-exchange-inc-ice-pt-raised-to-78-00.html.

In other news, CFO Scott A. Hill sold 37,630 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total transaction of $2,635,228.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles A. Vice sold 12,500 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total value of $836,625.00. Following the sale, the insider now owns 382,471 shares in the company, valued at $25,598,784.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,050 shares of company stock worth $9,522,455. 1.50% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Alerus Financial NA acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $4,256,000. NBT Bank N A NY acquired a new stake in shares of Intercontinental Exchange during the 2nd quarter worth approximately $245,000. Quest Investment Management LLC acquired a new stake in shares of Intercontinental Exchange during the 1st quarter worth approximately $2,837,000. BB&T Securities LLC raised its position in shares of Intercontinental Exchange by 140.0% during the 2nd quarter. BB&T Securities LLC now owns 18,404 shares of the financial services provider’s stock worth $1,213,000 after purchasing an additional 10,735 shares during the period. Finally, State of Tennessee Treasury Department raised its position in shares of Intercontinental Exchange by 32.8% during the 2nd quarter. State of Tennessee Treasury Department now owns 216,187 shares of the financial services provider’s stock worth $14,251,000 after purchasing an additional 53,449 shares during the period. Institutional investors and hedge funds own 89.75% of the company’s stock.

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.

Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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