IntercontinentalExchange Receives Consensus Rating of “Buy” from Brokerages (NYSE:ICE)
IntercontinentalExchange (NYSE:ICE) has been given an average rating of “Buy” by the fourteen ratings firms that are presently covering the stock, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $216.58.
IntercontinentalExchange (NYSE:ICE) opened at 191.35 on Tuesday. IntercontinentalExchange has a 52-week low of $177.26 and a 52-week high of $229.50. The stock’s 50-day moving average is $191. and its 200-day moving average is $198.9. The company has a market cap of $22.014 billion and a P/E ratio of 44.17.
IntercontinentalExchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.10 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $2.19 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, September 12th.
A number of analysts have recently weighed in on ICE shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note on Friday. They now have a $223.00 price target on the stock, down previously from $230.00. Separately, analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of IntercontinentalExchange in a research note on Friday. They now have a $223.00 price target on the stock, down previously from $232.00. Finally, analysts at Zacks reiterated an “underperform” rating on shares of IntercontinentalExchange in a research note on Friday. They now have a $171.00 price target on the stock.
IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets.
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