Intercontinental Exchange Inc (NYSE: ICE): Do Not Miss The Gain Train

Intercontinental Exchange Inc (ICE) concluded trading on Thursday at a closing price of $158.12, with 3.24 million shares of worth about $512.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.43% during that period and on September 26, 2024 the price saw a loss of about -0.83%. Currently the company’s common shares owned by public are about 573.00M shares, out of which, 569.47M shares are available for trading.

Stock saw a price change of -0.47% in past 5 days and over the past one month there was a price change of -1.54%. Year-to-date (YTD), ICE shares are showing a performance of 23.12% which increased to 47.46% 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 $163.71 during that period. The average intraday trading volume for Intercontinental Exchange Inc shares is 2.78 million. The stock is currently trading -1.74% below its 20-day simple moving average (SMA20), while that difference is up 1.21% for SMA50 and it goes to 13.74% higher than SMA200.

Intercontinental Exchange Inc (NYSE: ICE) currently have 573.00M outstanding shares and institutions hold larger chunk of about 91.73% of that.

The stock has a current market capitalization of $90.78B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 39.13, while it has posted earnings per share of $4.04 in the same period. Its PEG reads 4.10 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 1.17% while standing at 1.30% over the month.

Stock’s fiscal year EPS is expected to rise by 7.68% while it is estimated to increase by 11.17% in next year. EPS is likely to grow at an annualized rate of 9.54% 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 TD Cowen on Sep-27-24 offering a Buy rating for the stock and assigned a target price of $182 to it. Coverage by Deutsche Bank stated Intercontinental Exchange Inc (ICE) stock as a Hold in their note to investors on August 02, 2024, suggesting a price target of $152 for the stock. On July 01, 2024, Goldman Upgrade their recommendations, while on January 08, 2024, Barclays Upgrade their ratings for the stock with a price target of $148. Stock get a Neutral rating from Goldman on September 22, 2023.

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