IntercontinentalExchange (NYSE: ICE)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Monday.
The analysts wrote, “IntercontinentalExchange (ICE) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its expanding profit margins, growth in earnings per share, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of IntercontinentalExchange (NYSE: ICE) traded down 0.36% during mid-day trading on Monday, hitting $160.40. IntercontinentalExchange has a one year low of $117.82 and a one year high of $162.79. The stock’s 50-day moving average is currently $151.3. The company has a market cap of $11.653 billion and a P/E ratio of 21.41.
IntercontinentalExchange (NYSE: ICE) last released its earnings data on Wednesday, February 6th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. The company had revenue of $323.00 million for the quarter, compared to the consensus estimate of $332.81 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that IntercontinentalExchange will post $8.41 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ICE. Analysts at Keefe, Bruyette & Woods upgraded shares of IntercontinentalExchange from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, March 6th. They now have a $184.00 price target on the stock, up previously from $148.00. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of IntercontinentalExchange in a research note to investors on Wednesday, February 27th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of IntercontinentalExchange in a research note to investors on Wednesday, February 27th. They now have a $1,906.00 price target on the stock.
Eleven investment analysts have rated the stock with a buy rating, two have assigned an overweight rating, six have given a hold rating, and one has given an underweight rating to the company. The company has an average rating of “overweight” and a consensus price target of $161.56.
IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchanges, over-the-counter (OTC), markets, derivatives clearing houses and post-trade services.
To view TheStreet’s full report, visit www.thestreetratings.com
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