IntercontinentalExchange Receives “Outperform” Rating from Keefe, Bruyette & Woods (ICE)
IntercontinentalExchange (NYSE:ICE)‘s stock had its “outperform” rating restated by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday. They currently have a $223.00 price objective on the stock, down from their previous price objective of $232.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 16.54% from the company’s current price.
A number of other analysts have also recently weighed in on ICE. 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. Separately, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $216.58.
IntercontinentalExchange (NYSE:ICE) opened at 191.35 on Friday. 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. and a 200-day moving average of $198.9. The company has a market cap of $22.014 billion and a price-to-earnings ratio of 44.17.
IntercontinentalExchange (NYSE:ICE) last released its earnings data on Thursday, August 7th. The company reported $2.10 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.19 earnings per share. IntercontinentalExchange’s revenue was up 171.8% compared to the same quarter last year. On average, analysts predict that IntercontinentalExchange will post $9.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders 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.
IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets.
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