IntercontinentalExchange’s “Overweight” Rating Reaffirmed at Barclays (ICE)
IntercontinentalExchange (NYSE:ICE)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Monday. They currently have a $212.00 price objective on the stock, down from their previous price objective of $225.00. Barclays’ target price indicates a potential upside of 12.81% from the company’s current price.
In other IntercontinentalExchange news, COO Thomas W. Farley unloaded 3,250 shares of IntercontinentalExchange stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $190.87, for a total value of $620,327.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also 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, June 24th. 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 Credit Suisse reiterated an “outperform” rating on shares of IntercontinentalExchange in a research note on Thursday, June 5th. They now have a $215.00 price target on the stock, down previously from $220.00. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $218.31.
IntercontinentalExchange (NYSE:ICE) traded up 1.10% on Monday, hitting $190.00. 509,746 shares of the company’s stock traded hands. IntercontinentalExchange has a 52-week low of $173.54 and a 52-week high of $229.50. The stock’s 50-day moving average is $192.2 and its 200-day moving average is $205.0. The company has a market cap of $21.859 billion and a P/E ratio of 44.07.
IntercontinentalExchange (NYSE:ICE) last announced its earnings results on Thursday, May 8th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 164.8% on a year-over-year basis. On average, analysts predict that IntercontinentalExchange will post $9.59 earnings per share for the current fiscal year.
IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets.
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