Intercontinental Exchange Inc (ICE) Outlook Starting To Look Brighter?

Intercontinental Exchange Inc (ICE) concluded trading on Wednesday at a closing price of $148.24, with 5.1 million shares of worth about $755.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.46% during that period and on January 15, 2025 the price saw a gain of about 2.06%. Currently the company’s common shares owned by public are about 574.00M shares, out of which, 569.97M shares are available for trading.

Stock saw a price change of 1.23% in past 5 days and over the past one month there was a price change of -5.31%. Year-to-date (YTD), ICE shares are showing a performance of -0.52% which increased to 16.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $124.34 but also hit the highest price of $167.99 during that period. The average intraday trading volume for Intercontinental Exchange Inc shares is 3.08 million. The stock is currently trading -0.34% below its 20-day simple moving average (SMA20), while that difference is down -3.62% for SMA50 and it goes to -0.48% lower than SMA200.

Intercontinental Exchange Inc (NYSE: ICE) currently have 574.00M outstanding shares and institutions hold larger chunk of about 91.89% of that.

The stock has a current market capitalization of $85.12B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 35.12, while it has posted earnings per share of $4.22 in the same period. Its PEG reads 4.46 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 1.58% while standing at 1.47% over the month.

Stock’s fiscal year EPS is expected to rise by 7.70% while it is estimated to increase by 10.27% in next year. EPS is likely to grow at an annualized rate of 7.87% 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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