Intercontinental Exchange Inc. (NYSE: ICE) is 3.89% higher on its value in year-to-date trading and has touched a low of $88.60 and a high of $113.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ICE stock was last observed hovering at around $107.89 in the last trading session, with the day’s loss setting it -1.31% off its average median price target of $126.50 for the next 12 months. It is also 36.56% off the consensus price target high of $168.00 offered by 17 analysts, but current levels are 8.91% higher than the price target low of $117.00 for the same period.
Currently trading at $106.58, the stock is -1.15% and 1.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -1.21% at the moment leaves the stock 3.66% off its SMA200. ICE registered 8.63% gain for a year compared to 6-month gain of 1.17%. The firm has a 50-day simple moving average (SMA 50) of $7.91 and a 200-day simple moving average (SMA200) of $21.49.
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The stock witnessed a 0.23% loss in the last 1 month and extending the period to 3 months gives it a 2.72%, and is -1.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.31% over the week and 1.61% over the month.
Intercontinental Exchange Inc. (ICE) has around 9010 employees, a market worth around $59.96B and $9.65B in sales. Current P/E ratio is 41.41 and Fwd P/E is 17.73. Profit margin for the company is 15.00%. Distance from 52-week low is 20.29% and -5.74% from its 52-week high. The company has generated returns on investments over the last 12 months (8.10%).
Intercontinental Exchange Inc. (ICE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Intercontinental Exchange Inc. (ICE) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.00, where 4 rate it as a Hold and 3 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Intercontinental Exchange Inc. is expected to release its quarterly report on 08/03/2023.The EPS is expected to shrink by -64.10% this year
Intercontinental Exchange Inc. (ICE) Top Institutional Holders
The shares outstanding are 559.00M, and float is at 550.82M with Short Float at 0.83%.
Intercontinental Exchange Inc. (ICE) Insider Activity
A total of 71 insider transactions have happened at Intercontinental Exchange Inc. (ICE) in the last six months, with sales accounting for 52 and purchases happening 19 times. The most recent transaction is an insider sale by Foley Douglas, the company’s SVP, HR & Administration. SEC filings show that Foley Douglas sold 1,600 shares of the company’s common stock on May 23 at a price of $108.48 per share for a total of $0.17 million. Following the sale, the insider now owns 19881.0 shares.
Intercontinental Exchange Inc. disclosed in a document filed with the SEC on May 17 that Tirinnanzi Martha A (Director) sold a total of 150 shares of the company’s common stock. The trade occurred on May 17 and was made at $107.70 per share for $16155.0. Following the transaction, the insider now directly holds 1834.0 shares of the ICE stock.
Still, SEC filings show that on Feb 23, Foley Douglas (SVP, HR & Administration) disposed off 1,600 shares at an average price of $104.80 for $0.17 million. The insider now directly holds 21,481 shares of Intercontinental Exchange Inc. (ICE).
Intercontinental Exchange Inc. (ICE): Who are the competitors?
The company’s main competitors (and peers) include CME Group Inc. (CME) that is trading -3.51% down over the past 12 months. Nasdaq Inc. (NDAQ) is 9.39% up on the 1-year trading charts.
