IntercontinentalExchange Insider Charles Vice Unloads 2,000 Shares (ICE)
IntercontinentalExchange (NYSE:ICE) Insider Charles Vice unloaded 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $180.94, for a total transaction of $361,880.00. Following the transaction, the insider now directly owns 42,718 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on ICE shares. Analysts at Wells Fargo & Co. initiated coverage on shares of IntercontinentalExchange (NYSE:ICE) in a research note to investors on Tuesday, August 27th. They set an “outperform” rating on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of IntercontinentalExchange (NYSE:ICE) in a research note to investors on Thursday, August 22nd. They now have a $215.00 price target on the stock. Finally, analysts at Bank of America Corp. raised their price target on shares of IntercontinentalExchange (NYSE:ICE) from $190.00 to $200.00 in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock.
Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $182.78.
Shares of IntercontinentalExchange (NYSE:ICE) traded up 0.29% on Friday, hitting $180.53. The stock had a trading volume of 563,647 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 $182.2 and its 200-day moving average is $171.1. The company has a market cap of $13.151 billion and a price-to-earnings ratio of 24.03.
IntercontinentalExchange (NYSE:ICE) last announced its earnings results on Tuesday, August 6th. The company reported $2.19 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $1.95 earnings per share. IntercontinentalExchange’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that IntercontinentalExchange will post $8.22 earnings per share for the current fiscal year.
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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