Intercontinentalexchange Group Given New $220.00 Price Target at Argus (ICE)
Equities researchers at Argus dropped their target price on shares of Intercontinentalexchange Group (NYSE:ICE) from $240.00 to $220.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 16.70% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Intercontinentalexchange Group in a research note on Wednesday, May 14th. They now have a $200.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Intercontinentalexchange Group in a research note on Friday, May 9th. They now have a $225.00 price target on the stock, down previously from $235.00. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Intercontinentalexchange Group in a research note on Friday, May 9th. They now have a $210.00 price target on the stock, down previously from $218.00. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $222.88.
Intercontinentalexchange Group (NYSE:ICE) opened at 188.51 on Monday. Intercontinentalexchange Group has a 52-week low of $162.95 and a 52-week high of $229.50. The stock has a 50-day moving average of $196.9 and a 200-day moving average of $207.8. The company has a market cap of $21.688 billion and a price-to-earnings ratio of 44.34.
Intercontinentalexchange Group (NYSE:ICE) last posted its quarterly earnings results on Thursday, May 8th. The company reported $2.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.58 by $0.02. The company had revenue of $932.00 million for the quarter, compared to the consensus estimate of $922.92 million. During the same quarter in the prior year, the company posted $2.03 earnings per share. The company’s quarterly revenue was up 164.8% on a year-over-year basis. Analysts expect that Intercontinentalexchange Group will post $10.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 12th.
IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets.
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