Barclays Increases Intercontinental Exchange (NYSE:ICE) Price Target to $134.00

Intercontinental Exchange (NYSE:ICE) had its price target boosted by Barclays from $125.00 to $134.00 in a report issued on Tuesday, The Fly reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would suggest a potential upside of 13.71% from the stock’s current price.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $117.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 11th. UBS Group increased their price target on Intercontinental Exchange from $121.00 to $126.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Redburn Partners began coverage on Intercontinental Exchange in a research report on Tuesday, November 10th. They set a “neutral” rating on the stock. Rosenblatt Securities upped their target price on Intercontinental Exchange from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 7th. Finally, Raymond James increased their price target on Intercontinental Exchange from $125.00 to $131.00 in a report on Friday, December 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $118.07.

ICE stock opened at $117.84 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $66.14 billion, a PE ratio of 32.46, a PEG ratio of 2.19 and a beta of 0.66. Intercontinental Exchange has a 1-year low of $63.51 and a 1-year high of $119.02. The business’s 50 day simple moving average is $111.38 and its 200 day simple moving average is $101.88.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. Intercontinental Exchange had a return on equity of 13.63% and a net margin of 26.19%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. As a group, sell-side analysts predict that Intercontinental Exchange will post 4.45 EPS for the current fiscal year.

In other news, COO Mark Wassersug sold 1,526 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $104.56, for a total value of $159,558.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Andrew J. Surdykowski sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $118.00, for a total value of $118,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,418 shares of company stock worth $10,370,679. 1.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICE. Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange in the 3rd quarter worth $26,000. Eudaimonia Partners LLC increased its holdings in Intercontinental Exchange by 81.4% during the third quarter. Eudaimonia Partners LLC now owns 1,128 shares of the financial services provider’s stock valued at $30,000 after buying an additional 506 shares during the period. Old North State Trust LLC purchased a new position in Intercontinental Exchange during the third quarter valued at approximately $36,000. Winslow Evans & Crocker Inc. increased its holdings in Intercontinental Exchange by 727.3% during the third quarter. Winslow Evans & Crocker Inc. now owns 455 shares of the financial services provider’s stock valued at $46,000 after buying an additional 400 shares during the period. Finally, Ropes Wealth Advisors LLC purchased a new position in Intercontinental Exchange in the third quarter worth $48,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.

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