Intercontinental Exchange (ICE) Given News Sentiment Rating of 0.20

Media coverage about Intercontinental Exchange (NYSE:ICE) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intercontinental Exchange earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.2294324939691 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern’s scoring:

Intercontinental Exchange (ICE) traded up $0.17 on Friday, reaching $70.49. 3,811,382 shares of the company traded hands, compared to its average volume of 2,667,845. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $41,232.65, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73. Intercontinental Exchange has a 1-year low of $55.79 and a 1-year high of $72.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. sell-side analysts anticipate that Intercontinental Exchange will post 2.95 EPS for the current fiscal year.

Intercontinental Exchange declared that its Board of Directors has approved a stock buyback program on Thursday, November 2nd that allows the company to buyback $1.20 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

ICE has been the subject of several recent analyst reports. UBS upped their price objective on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Citigroup upped their price objective on shares of Intercontinental Exchange from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Barclays upped their price objective on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Royal Bank of Canada upped their price objective on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Finally, Wells Fargo & Company upped their price objective on shares of Intercontinental Exchange from $65.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Intercontinental Exchange has a consensus rating of “Buy” and a consensus price target of $73.30.

In other Intercontinental Exchange news, insider Charles A. Vice sold 12,500 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $68.52, for a total transaction of $856,500.00. Following the completion of the transaction, the insider now owns 382,471 shares of the company’s stock, valued at $26,206,912.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott A. Hill sold 37,630 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total value of $2,635,228.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,130 shares of company stock valued at $5,468,644. Insiders own 1.50% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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