IntercontinentalExchange SVP Sells $594,188 in Stock (ICE)
IntercontinentalExchange (NYSE:ICE) SVP Edwin Marcial unloaded 3,279 shares of IntercontinentalExchange stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $181.21, for a total transaction of $594,187.59. Following the completion of the sale, the senior vice president now directly owns 20,689 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. IntercontinentalExchange currently has a consensus rating of “Buy” and an average price target of $182.78.
IntercontinentalExchange (NYSE:ICE) traded up 0.29% on Friday, hitting $180.53. 563,647 shares of the company’s stock traded hands. IntercontinentalExchange has a one year low of $122.72 and a one 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 P/E ratio of 24.03.
IntercontinentalExchange (NYSE:ICE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the 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. 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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