Intercontinental Exchange Inc (ICE) concluded trading on 11/22/23 at a closing price of $114.32, with 2.48 million shares of worth about $283.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.26% during that period and on Wednesday the price saw a gain of about 0.77%. Currently the company’s common shares owned by public are about 572.36M shares, out of which, 566.71M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 19 analysts are covering the ICE stock and their offered price forecasts bring an average price target of $130.45. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $154.00 and could fall to a lowest price of $114.00. The stock’s current price level is 12.36% above of average price target set by the analysts, while a rise to estimated low would result in loss of -0.28% for the stock. However, touching the estimated high of $154.00 would mean a gain of 25.77% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 115 times over the past 12 months. They bought 373,471 shares in 34 of the transactions. In 81 selling transactions, insiders dumped 544,222 shares.
Intercontinental Exchange Inc (NYSE: ICE) started trading at $113.93, above $0.48 from concluding price of the previous day. However, the stock later moved at a day high price of 114.91, or with a gain of 0.77%. Stock saw a price change of 2.94% in past 5 days and over the past one month there was a price change of 6.91%. Year-to-date (YTD), ICE shares are showing a performance of 11.43% which increased to 8.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $94.16 but also hit the highest price of $118.79 during that period. The average intraday trading volume for Intercontinental Exchange Inc shares is 2.50 million. The stock is currently trading 5.00% above its 20-day simple moving average (SMA20), while that difference is up 3.73% for SMA50 and it goes to 4.56% higher than SMA200.
Intercontinental Exchange Inc (NYSE: ICE) currently have 572.36M outstanding shares and institutions hold larger chunk of about 90.88% of that.
The stock has a current market capitalization of $65.43B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 26.54, while it has posted earnings per share of $4.31 in the same period. Its PEG reads 4.47 while making debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ICE, volatility over the week remained 1.21% while standing at 1.52% over the month.
Analysts are in expectations that Intercontinental Exchange Inc (ICE) stock would likely to be making an EPS of $1.28 in the current quarter, while forecast for next quarter EPS is $1.41 and it is $5.81 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.23 which is $1.36 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.73% while it is estimated to increase by 3.25% in next year. EPS is likely to grow at an annualized rate of 5.93% for next 5-years, compared to annual growth of -9.52% made by the stock over the past 5-years.
Analysts at 19 brokerage firms have issued recommendations for the Intercontinental Exchange Inc (ICE)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.58. Out of those 19 Wall Street analysts, 12 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on September 22, 2023 offering a Neutral rating for the stock and assigned a target price of $125 to it.
