Look For Institutional Buying In Intercontinental Exchange Inc (NYSE: ICE)

Intercontinental Exchange Inc (ICE) concluded trading on Wednesday at a closing price of $155.79, with 5.99 million shares of worth about $933.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.79% during that period and on November 06, 2024 the price saw a loss of about -1.31%. Currently the company’s common shares owned by public are about 573.00M shares, out of which, 569.50M shares are available for trading.

Stock saw a price change of -6.45% in past 5 days and over the past one month there was a price change of -3.89%. Year-to-date (YTD), ICE shares are showing a performance of 21.30% which increased to 44.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $107.40 but also hit the highest price of $167.99 during that period. The average intraday trading volume for Intercontinental Exchange Inc shares is 2.75 million. The stock is currently trading -4.35% below its 20-day simple moving average (SMA20), while that difference is down -3.65% for SMA50 and it goes to 7.72% 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 91.46% of that.

The stock has a current market capitalization of $89.45B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 36.90, while it has posted earnings per share of $4.22 in the same period. Its PEG reads 3.69 while making debt-to-equity ratio of 0.79. 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 2.91% while standing at 1.58% over the month.

Stock’s fiscal year EPS is expected to rise by 8.21% while it is estimated to increase by 10.88% in next year. EPS is likely to grow at an annualized rate of 10.00% 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 Raymond James on October 14, 2024 offering an Outperform rating for the stock and assigned a target price of $185 to it. Coverage by RBC Capital Mkts stated Intercontinental Exchange Inc (ICE) stock as an Outperform in their note to investors on September 27, 2024, suggesting a price target of $200 for the stock. On September 26, 2024, TD Cowen Initiated their recommendations, while on August 02, 2024, Deutsche Bank Downgrade their ratings for the stock with a price target of $152. Stock get a Buy rating from Goldman on July 01, 2024.

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