Intercontinental Exchange Inc. (NYSE:ICE) has earned an average recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $68.08.

A number of equities analysts recently weighed in on ICE shares. Citigroup Inc. started coverage on Intercontinental Exchange in a report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target for the company. Deutsche Bank AG reissued a “buy” rating and set a $66.00 target price (down previously from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Royal Bank Of Canada set a $61.00 target price on Intercontinental Exchange and gave the company a “hold” rating in a report on Thursday, April 20th. Jefferies Group LLC reissued a “buy” rating and set a $70.00 target price on shares of Intercontinental Exchange in a report on Monday, June 26th. Finally, BidaskClub raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th.

In other news, insider Charles A. Vice sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total value of $836,625.00. Following the completion of the sale, the insider now directly owns 382,471 shares in the company, valued at $25,598,784.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jean Marc Forneri sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $58.27, for a total value of $349,620.00. Following the completion of the sale, the director now owns 47,350 shares of the company’s stock, valued at $2,759,084.50. The disclosure for this sale can be found here. Insiders have sold 166,389 shares of company stock valued at $10,279,500 in the last three months. Insiders own 1.50% of the company’s stock.

Several large investors have recently bought and sold shares of ICE. Guardian Life Insurance Co. of America raised its stake in Intercontinental Exchange by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,298 shares of the financial services provider’s stock worth $138,000 after buying an additional 16 shares during the period. IHT Wealth Management LLC raised its stake in Intercontinental Exchange by 10.8% in the second quarter. IHT Wealth Management LLC now owns 185 shares of the financial services provider’s stock worth $101,000 after buying an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Intercontinental Exchange by 0.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,483 shares of the financial services provider’s stock worth $559,000 after buying an additional 29 shares during the period. Thompson Davis & CO. Inc. raised its stake in Intercontinental Exchange by 2.2% in the second quarter. Thompson Davis & CO. Inc. now owns 1,517 shares of the financial services provider’s stock worth $100,000 after buying an additional 32 shares during the period. Finally, Emerald Advisers Inc. PA raised its stake in Intercontinental Exchange by 0.3% in the first quarter. Emerald Advisers Inc. PA now owns 12,720 shares of the financial services provider’s stock worth $762,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 89.38% of the company’s stock.

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Intercontinental Exchange (NYSE ICE) traded up 0.72% during mid-day trading on Tuesday, hitting $65.86. The company had a trading volume of 1,542,905 shares. The firm has a market capitalization of $7.58 billion, a P/E ratio of 24.40 and a beta of 0.71. Intercontinental Exchange has a 12 month low of $52.27 and a 12 month high of $67.48. The company has a 50-day moving average price of $65.88 and a 200 day moving average price of $61.64.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. Intercontinental Exchange’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Equities analysts forecast that Intercontinental Exchange will post $2.95 EPS for the current fiscal year.

Intercontinental Exchange Company Profile

Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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