News coverage about Intercontinental Exchange (NYSE:ICE) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intercontinental Exchange earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.5213805116326 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
ICE has been the subject of a number of research reports. Barclays PLC initiated coverage on Intercontinental Exchange in a research note on Friday, September 8th. They set an “overweight” rating and a $72.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $73.00 price target on shares of Intercontinental Exchange in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $73.00 price target on shares of Intercontinental Exchange in a research note on Sunday, October 8th. Zacks Investment Research lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Wells Fargo & Company increased their price target on Intercontinental Exchange from $65.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $73.30.
Shares of Intercontinental Exchange (NYSE ICE) traded down $0.77 during trading hours on Thursday, hitting $66.53. The stock had a trading volume of 2,674,800 shares, compared to its average volume of 2,653,582. Intercontinental Exchange has a one year low of $53.91 and a one year high of $71.24. The firm has a market cap of $39,372.27, a P/E ratio of 23.05, a PEG ratio of 2.49 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. research analysts expect that Intercontinental Exchange will post 2.95 earnings per share for the current fiscal year.
Intercontinental Exchange announced that its board has initiated a share buyback plan on Thursday, November 2nd that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the financial services provider to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In other news, CFO Scott A. Hill sold 37,630 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $70.03, for a total value of $2,635,228.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles A. Vice sold 12,500 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $68.52, for a total value of $856,500.00. Following the completion of the sale, the insider now owns 382,471 shares of the company’s stock, valued at approximately $26,206,912.92. The disclosure for this sale can be found here. Insiders sold 155,550 shares of company stock valued at $10,414,330 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.
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About Intercontinental Exchange
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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