IntercontinentalExchange Stock Rating Reaffirmed by JPMorgan Chase & Co. (ICE)
IntercontinentalExchange (NYSE:ICE)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They currently have a $223.00 price objective on the stock, down from their previous price objective of $230.00. JPMorgan Chase & Co.’s target price points to a potential upside of 16.54% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Zacks downgraded shares of IntercontinentalExchange from a “neutral” rating to an “underperform” rating in a research note on Friday, July 18th. They now have a $174.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $216.58.
IntercontinentalExchange (NYSE:ICE) opened at 191.35 on Friday. IntercontinentalExchange has a 1-year low of $177.26 and a 1-year 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 P/E ratio of 44.17.
IntercontinentalExchange (NYSE:ICE) last announced its 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. 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 given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.36%. 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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