Share on StockTwits

IntercontinentalExchange (NYSE:ICE) CTO Edwin D. Marcial unloaded 2,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $195.92, for a total value of $391,840.00. Following the completion of the transaction, the chief technology officer now directly owns 21,911 shares in the company, valued at approximately $4,292,803. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

IntercontinentalExchange (NYSE:ICE) traded down 4.04% on Tuesday, hitting $190.18. 1,866,900 shares of the company’s stock traded hands. IntercontinentalExchange has a 52 week low of $172.68 and a 52 week high of $229.50. The stock’s 50-day moving average is $193. and its 200-day moving average is $205.7. The company has a market cap of $21.880 billion and a price-to-earnings ratio of 46.48.

IntercontinentalExchange (NYSE:ICE) last released its earnings data 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. On average, analysts predict that IntercontinentalExchange will post $9.74 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. downgraded shares of IntercontinentalExchange from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Tuesday, June 10th. They now have a $224.00 price target on the stock, down previously from $232.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Thursday, June 5th. They now have a $225.00 price target on the stock, down previously from $232.00. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $219.31.

IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.