IntercontinentalExchange SVP Sells $559,696 in Stock (ICE)
IntercontinentalExchange (NYSE:ICE) SVP Johnathan Short unloaded 3,089 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $181.19, for a total transaction of $559,695.91. Following the transaction, the senior vice president now directly owns 12,644 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ICE has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. IntercontinentalExchange presently has an average rating of “Buy” and a consensus price target of $182.78.
IntercontinentalExchange (NYSE:ICE) traded up 0.29% during mid-day trading on Friday, hitting $180.53. 563,647 shares of the company’s stock traded hands. IntercontinentalExchange has a 1-year low of $122.72 and a 1-year high of $188.78. The stock has a 50-day moving average of $182.2 and a 200-day moving average of $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 in the prior year, the company posted $1.95 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that IntercontinentalExchange will post $8.22 EPS 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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