In yesterday’s Wall Street session, Intercontinental Exchange Inc (NYSE:ICE) shares traded at $151.00, down -0.37% from the previous session.
ICE stock price is now 7.50% away from the 50-day moving average and 16.42% away from the 200-day moving average. The market capitalization of the company currently stands at $86.61B.
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With the price target enhanced from $143 to $167, Goldman Upgraded its rating from Neutral to Buy for Intercontinental Exchange Inc (NYSE: ICE). On January 08, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $120 to quote $148, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Namkung James W, Chief Accounting Officer sold 1,043 shares of the company’s stock on Jul 25 ’24. The stock was sold for $156,450 at an average price of $150.00. Upon completion of the transaction, the Chief Accounting Officer now directly owns 17,836 shares in the company, valued at $2.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 17 ’24, President, Fixed Income & Data Edmonds Christopher Scott sold 1,000 shares of the business’s stock. A total of $148,600 was realized by selling the stock at an average price of $148.60. This leaves the insider owning 14,636 shares of the company worth $2.21 million. A total of 0.82% of the company’s stock is owned by insiders.
During the past 12 months, Intercontinental Exchange Inc has had a low of $104.49 and a high of $152.96. According to the stock market information, the enterprise value for the company is $108107268096, which is based on a 34.59 price-to-earnings ratio, a 3.56 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for ICE is $140.742 and a two-hundred day moving average price translates $129.9062 for the stock.
The latest earnings results from Intercontinental Exchange Inc (NYSE: ICE) was released for 2024-03-31. The net profit margin was 24.83% and return on equity was 10.04% for ICE. The company reported revenue of $2.29 billion for the quarter, compared to $1.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.78 percent.
