IntercontinentalExchange Stock Rating Reaffirmed by UBS AG (ICE)
IntercontinentalExchange (NYSE:ICE)‘s stock had its “buy” rating reaffirmed by equities researchers at UBS AG in a research report issued on Thursday, American Banking News reports. They currently have a $215.00 price target on the stock. UBS AG’s price target would indicate a potential upside of 17.25% from the stock’s previous close.
Shares of IntercontinentalExchange (NYSE:ICE) traded down 1.06% on Thursday, hitting $183.37. The stock had a trading volume of 501,625 shares. IntercontinentalExchange has a 52 week low of $122.72 and a 52 week high of $188.78. The stock’s 50-day moving average is $181.5 and its 200-day moving average is $168.3. The company has a market cap of $13.357 billion and a P/E ratio of 24.74.
IntercontinentalExchange (NYSE:ICE) last announced its earnings results on Tuesday, August 6th. The company reported $2.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.15 by $0.04. The company had revenue of $372.00 million for the quarter, compared to the consensus estimate of $367.58 million. During the same quarter in the previous year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that IntercontinentalExchange will post $8.24 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. raised their price target on shares of IntercontinentalExchange from $190.00 to $200.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of IntercontinentalExchange in a research note to investors on Wednesday, August 7th. They now have a $196.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods set a $225.00 price target on shares of IntercontinentalExchange in a research note to investors on Tuesday, July 16th.
Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $182.78.
In other IntercontinentalExchange news, Director Charles Crisp unloaded 1,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $181.37, for a total transaction of $181,370.00. Following the transaction, the director now directly owns 12,259 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
IntercontinentalExchange, Inc (NYSE:ICE) is an operator of global futures exchanges, over-the-counter (OTC), markets, derivatives clearing houses and post-trade services.
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