The price of Intercontinental Exchange Inc (NYSE:ICE) shares last traded on Wall Street rose 2.28% to $157.68.
ICE stock price is now 2.73% away from the 50-day moving average and 5.59% away from the 200-day moving average. The market capitalization of the company currently stands at $90.54B.
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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, Edmonds Christopher Scott, President, Fixed Income & Data sold 601 shares of the company’s stock on Jan 15 ’25. The stock was sold for $88,786 at an average price of $147.73. Upon completion of the transaction, the President, Fixed Income & Data now directly owns 12,922 shares in the company, valued at $2.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 15 ’25, Chief Technology Officer Kapani Mayur sold 5,661 shares of the business’s stock. A total of $835,503 was realized by selling the stock at an average price of $147.59. This leaves the insider owning 66,548 shares of the company worth $10.49 million. A total of 0.73% of the company’s stock is owned by insiders.
During the past 12 months, Intercontinental Exchange Inc has had a low of $124.34 and a high of $167.99. According to the stock market information, the enterprise value for the company is $111339151360, which is based on a 37.35 price-to-earnings ratio, a 4.75 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for ICE is $153.4532 and a two-hundred day moving average price translates $149.23074 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.
