The price of Intercontinental Exchange Inc (NYSE:ICE) shares last traded on Wall Street fell -0.88% to $148.29.
ICE stock price is now -6.80% away from the 50-day moving average and 0.17% away from the 200-day moving average. The market capitalization of the company currently stands at $85.14B.
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With the price target maintained at $185, Raymond James recently Downgraded its rating from Strong Buy to Outperform for Intercontinental Exchange Inc (NYSE: ICE). On September 27, 2024, RBC Capital Mkts recently initiated its ‘Outperform’ rating on the stock quoting a target price of $200, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, STUART GLEN WILLIAMS, Officer bought 750 shares of the company’s stock on Dec 18 ’24. The stock was bought for $114,592 at an average price of $152.79. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, General Counsel Surdykowski Andrew J sold 955 shares of the business’s stock. A total of $149,056 was realized by selling the stock at an average price of $156.08. This leaves the insider owning 44,702 shares of the company worth $6.63 million. A total of 1.04% of the company’s stock is owned by insiders.
During the past 12 months, Intercontinental Exchange Inc has had a low of $122.31 and a high of $167.99. According to the stock market information, the enterprise value for the company is $105947635712, which is based on a 35.13 price-to-earnings ratio, a 3.52 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for ICE is $159.104 and a two-hundred day moving average price translates $148.0332 for the stock.
The latest earnings results from Intercontinental Exchange Inc (NYSE: ICE) was released for 2024-09-30. The net profit margin was 22.29% and return on equity was 9.22% for ICE. The company reported revenue of $2.35 billion for the quarter, compared to $2.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.27 percent.
