In Wednesday’s Wall Street session, Intercontinental Exchange Inc (NYSE:ICE) shares traded at $170.44, down -0.61% from the previous session.
ICE stock price is now 1.43% away from the 50-day moving average and 8.05% away from the 200-day moving average. The market capitalization of the company currently stands at $97.93B.
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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, Namkung James W, Chief Accounting Officer sold 1,206 shares of the company’s stock on Mar 20 ’25. The stock was sold for $211,050 at an average price of $175.00. Upon completion of the transaction, the Chief Accounting Officer now directly owns 13,832 shares in the company, valued at $2.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’25, Officer JAMES NAMKUNG bought 1,206 shares of the business’s stock. A total of $209,470 was incurred on buying the stock at an average price of $173.69. A total of 0.72% 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 $177.45. According to the stock market information, the enterprise value for the company is $118501130240, which is based on a 35.65 price-to-earnings ratio, a 3.11 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for ICE is $168.0408 and a two-hundred day moving average price translates $157.7445 for the stock.
The latest earnings results from Intercontinental Exchange Inc (NYSE: ICE) was released for 2024-12-31. The net profit margin was 24.85% and return on equity was 10.32% for ICE. The company reported revenue of $2.32 billion for the quarter, compared to $2.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.54 percent.
