Intercontinental Exchange Inc. (NYSE:ICE) Stock Has Consensus Price Target of $186.31

Key Points

• Intercontinental Exchange has a “Moderate Buy” consensus rating from 17 analysts, with 11 buy ratings, one strong buy, four holds, and one sell. The average 12-month price target is $186.31.
• ICE shares opened at $161.25, below the consensus target, while the company’s latest quarterly results exceeded expectations with $1.90 in EPS versus $1.84 expected and $3.61 billion in revenue.
• Institutional investors own approximately 89.3% of ICE, although company insiders sold 41,179 shares worth about $6.47 million over the past three months.

Shares of Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $186.31.

A number of research firms recently weighed in on ICE. Rothschild & Co Redburn upped their price target on Intercontinental Exchange from $173.00 to $181.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. Piper Sandler reaffirmed an "overweight" rating and set a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, October 2nd. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of Intercontinental Exchange in a research report on Wednesday, October 7th. Wells Fargo & Company reissued an "underweight" rating and issued a $160.00 target price (up from $159.00) on shares of Intercontinental Exchange in a report on Wednesday. Finally, Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Saturday, October 10th.

Intercontinental Exchange Price Performance

Shares of ICE opened at $161.25 on Friday. Intercontinental Exchange has a fifty-two week low of $121.79 and a fifty-two week high of $176.05. The company has a market capitalization of $90.52 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. The firm has a 50-day simple moving average of $156.49 and a 200-day simple moving average of $150.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. The business had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 earnings per share. On average, equities research analysts anticipate that Intercontinental Exchange will post 8.19 earnings per share for the current year.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 12,862 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $160.09, for a total transaction of $2,059,077.58. Following the sale, the president directly owned 164,264 shares of the company's stock, valued at $26,297,023.76. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas Foley sold 7,300 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the sale, the senior vice president owned 19,063 shares of the company's stock, valued at approximately $2,838,099.44. This trade represents a 27.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 41,179 shares of company stock worth $6,473,715. 0.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Lisle Cummings Inc. grew its position in Intercontinental Exchange by 0.3% in the third quarter. Brown Lisle Cummings Inc. now owns 68,736 shares of the financial services provider's stock valued at $10,450,000 after acquiring an additional 200 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Intercontinental Exchange by 1.9% during the third quarter. Frank Rimerman Advisors LLC now owns 7,370 shares of the financial services provider's stock valued at $1,120,000 after purchasing an additional 135 shares during the period. Western Pacific Wealth Management LP lifted its position in shares of Intercontinental Exchange by 42.9% during the third quarter. Western Pacific Wealth Management LP now owns 4,265 shares of the financial services provider's stock worth $648,000 after purchasing an additional 1,280 shares in the last quarter. Forbes J M & Co. LLP lifted its position in shares of Intercontinental Exchange by 0.6% during the third quarter. Forbes J M & Co. LLP now owns 81,910 shares of the financial services provider's stock worth $12,453,000 after purchasing an additional 460 shares in the last quarter. Finally, AlphaStar Capital Management LLC lifted its position in shares of Intercontinental Exchange by 13.1% during the third quarter. AlphaStar Capital Management LLC now owns 8,355 shares of the financial services provider's stock worth $1,270,000 after purchasing an additional 970 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc NYSE: ICE is a global operator of exchanges, clearinghouses, data services and technology platforms. The company owns and operates the New York Stock Exchange and other exchanges serving equity, options, futures and over-the-counter markets. Its marketplaces support trading in areas including energy, agricultural commodities, interest rates, currencies, equity indexes and individual stocks.

ICE also provides clearing and settlement services that help manage counterparty and transaction risk, along with market data, analytics, connectivity and other technology solutions for financial institutions and businesses.

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