IntercontinentalExchange Director Unloads $197,320 in Stock (ICE)
IntercontinentalExchange (NYSE:ICE) Director Charles Crisp sold 1,000 shares of IntercontinentalExchange stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $197.32, for a total transaction of $197,320.00. Following the completion of the transaction, the director now directly owns 12,259 shares of the company’s stock, valued at approximately $2,418,946. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ICE. Analysts at Zacks reiterated a “neutral” rating on shares of IntercontinentalExchange in a research note to investors on Thursday, October 3rd. They now have a $193.00 price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of IntercontinentalExchange in a research note to investors on Thursday, September 19th. They now have a $215.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of IntercontinentalExchange from $185.00 to $195.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $187.90.
IntercontinentalExchange (NYSE:ICE) traded up 0.13% on Thursday, hitting $196.20. 503,184 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 $182.3 and a 200-day moving average of $171.3. The company has a market cap of $14.292 billion and a price-to-earnings ratio of 26.16.
IntercontinentalExchange (NYSE:ICE) last posted its quarterly earnings results 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. On average, analysts predict that IntercontinentalExchange will post $8.08 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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