Raymond James Raises IntercontinentalExchange to Strong-Buy (ICE)
IntercontinentalExchange (NYSE: ICE) was upgraded by analysts at Raymond James (NYSE: RJF) from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.
A number of other analysts have also recently weighed in on ICE. Analysts at Zacks reiterated a “neutral” rating on shares of IntercontinentalExchange in a research note to investors on Thursday, May 3rd. They now have a $134.00 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of IntercontinentalExchange to $150.00 in a research note to investors on Thursday, May 3rd. They now have a “market perform” rating on the stock. Finally, analysts at UBS AG (NYSE: UBS) cut their price target on shares of IntercontinentalExchange from $164.00 to $153.00 in a research note to investors on Thursday, May 3rd. They now have a “buy” rating on the stock.
Shares of IntercontinentalExchange traded up 2.71% during mid-day trading on Thursday, hitting $124.63. IntercontinentalExchange has a 52 week low of $102.57 and a 52 week high of $142.75. The company has a market cap of $9.067 billion and a P/E ratio of 16.90.
IntercontinentalExchange last announced its earnings results on Wednesday, May 2nd. The company reported $2.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.02. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that IntercontinentalExchange will post $1.94 earnings per share next quarter.
IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchanges, over-the-counter (OTC), markets, derivatives clearing houses and post-trade services.