Intercontinental Exchange Inc (NYSE: ICE): To Buy Or Not To Buy, That Is The Question

Intercontinental Exchange Inc (ICE) concluded trading on Thursday at a closing price of $153.76, with 3.61 million shares of worth about $554.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.05% during that period and on August 08, 2024 the price saw a gain of about 1.75%. Currently the company’s common shares owned by public are about 573.00M shares, out of which, 569.46M shares are available for trading.

Stock saw a price change of 1.83% in past 5 days and over the past one month there was a price change of 6.47%. Year-to-date (YTD), ICE shares are showing a performance of 19.72% which increased to 33.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $104.49 but also hit the highest price of $153.28 during that period. The average intraday trading volume for Intercontinental Exchange Inc shares is 2.53 million. The stock is currently trading 2.93% above its 20-day simple moving average (SMA20), while that difference is up 8.41% for SMA50 and it goes to 17.65% higher than SMA200.

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Intercontinental Exchange Inc (NYSE: ICE) currently have 573.00M outstanding shares and institutions hold larger chunk of about 92.48% of that.

The stock has a current market capitalization of $88.28B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 38.06, while it has posted earnings per share of $4.04 in the same period. Its PEG reads 3.95 while making debt-to-equity ratio of 0.83. 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 2.44% while standing at 1.61% over the month.

Stock’s fiscal year EPS is expected to rise by 7.47% while it is estimated to increase by 11.21% in next year. EPS is likely to grow at an annualized rate of 9.64% for next 5-years, compared to annual growth of 4.09% made by the stock over the past 5-years.

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 Deutsche Bank on August 02, 2024 offering a Hold rating for the stock and assigned a target price range of between $155 and $152 to it. Coverage by Goldman stated Intercontinental Exchange Inc (ICE) stock as a Buy in their note to investors on July 01, 2024, suggesting a price target of $167 for the stock. On January 08, 2024, Barclays Upgrade their recommendations, while on September 22, 2023, Goldman Resumed their ratings for the stock with a price target of $125. Stock get a Buy rating from Citigroup on August 04, 2023.

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