IntercontinentalExchange Given Underperform Rating at Zacks (ICE)
IntercontinentalExchange (NYSE:ICE)‘s stock had its “underperform” rating reiterated by Zacks in a research note issued to investors on Friday. They currently have a $171.00 price target on the stock. Zacks‘s price objective would suggest a potential downside of 9.21% from the company’s current price.
A number of other analysts have also recently weighed in on ICE. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Thursday, July 24th. They now have a $230.00 price target on the stock, down previously from $233.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Monday, June 30th. They now have a $212.00 price target on the stock, down previously from $225.00. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $216.64.
Shares of IntercontinentalExchange (NYSE:ICE) traded up 0.36% during mid-day trading on Friday, hitting $189.03. The stock had a trading volume of 551,655 shares. IntercontinentalExchange has a 52-week low of $177.26 and a 52-week high of $229.50. The stock has a 50-day moving average of $191.4 and a 200-day moving average of $199.0. The company has a market cap of $21.747 billion and a price-to-earnings ratio of 44.17.
IntercontinentalExchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.08. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $776.90 million. During the same quarter in the previous year, the company posted $2.19 earnings per share. The company’s revenue for the quarter was up 171.8% on a year-over-year basis. Analysts expect that IntercontinentalExchange will post $9.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 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 Friday, September 12th.
IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets.
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