Intercontinental Exchange (NYSE:ICE) Price Target Lowered to $179.00 at Barclays

Intercontinental Exchange (NYSE:ICE) had its price objective reduced by equities research analysts at Barclays from $187.00 to $179.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 25.41% from the company’s previous close.

Several other research analysts also recently commented on the stock. TD Cowen assumed coverage on shares of Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective for the company. Morgan Stanley raised their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Bank of America raised their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group upped their price target on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $174.53.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $142.73 on Monday. The company has a market capitalization of $81.95 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.57 and a beta of 1.10. The business has a fifty day simple moving average of $154.09 and a two-hundred day simple moving average of $155.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange has a 1 year low of $124.34 and a 1 year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. On average, analysts expect that Intercontinental Exchange will post 6.07 earnings per share for the current year.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,533 shares of company stock worth $1,196,279. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors have recently added to or reduced their stakes in ICE. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its position in Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares during the period. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange in the 3rd quarter worth $26,000. Financial Management Professionals Inc. lifted its position in shares of Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 87 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.