Intercontinental Exchange (NYSE:ICE) PT Raised to $171.00 at JPMorgan Chase & Co.

Intercontinental Exchange (NYSE:ICE) had its price target hoisted by JPMorgan Chase & Co. from $151.00 to $171.00 in a research note released on Monday, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other analysts have also recently commented on ICE. StockNews.com cut shares of Intercontinental Exchange from a hold rating to a sell rating in a report on Friday, September 6th. Citigroup upped their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a buy rating in a report on Tuesday, July 9th. Argus reaffirmed a buy rating and issued a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Barclays raised their price objective on Intercontinental Exchange from $159.00 to $167.00 and gave the company an overweight rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a hold rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Intercontinental Exchange has an average rating of Moderate Buy and a consensus price target of $158.08.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE opened at $158.87 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. Intercontinental Exchange has a 52-week low of $104.49 and a 52-week high of $163.71. The stock has a market capitalization of $91.13 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.81 and a beta of 1.08. The stock’s fifty day simple moving average is $155.59 and its 200 day simple moving average is $142.60.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $1.43 EPS. The company’s revenue was up 22.7% on a year-over-year basis. As a group, sell-side analysts forecast that Intercontinental Exchange will post 6.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the sale, the insider now owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the completion of the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 1,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the completion of the transaction, the general counsel now owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.90. The disclosure for this sale can be found here. Insiders sold 67,096 shares of company stock worth $9,593,983 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors have recently modified their holdings of ICE. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth $25,000. Annapolis Financial Services LLC increased its stake in shares of Intercontinental Exchange by 1,018.8% in the 1st quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in Intercontinental Exchange during the second quarter valued at approximately $25,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Intercontinental Exchange in the first quarter worth $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.