BMO Capital Markets Lowers Price Target on IntercontinentalExchange (ICE)

By admin | 6 years ago

Analysts at BMO Capital Markets decreased their price target on shares of IntercontinentalExchange (NYSE: ICE) to $150.00 in a research report issued to clients and investors on Thursday. The firm currently has a “market perform” rating on the stock.

A number of other analysts have also recently weighed in on ICE. 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. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of IntercontinentalExchange from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, April 17th. They now have a $138.00 price target on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of IntercontinentalExchange in a research note to investors on Wednesday, April 4th.

IntercontinentalExchange traded down 1.73% on Thursday, hitting $127.03. IntercontinentalExchange has a 52-week low of $102.57 and a 52-week high of $142.75. The company has a market cap of $9.227 billion and a price-to-earnings ratio of 18.01.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $2.02 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $2.02 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that IntercontinentalExchange will post $1.98 EPS next quarter.

IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchanges, over-the-counter (OTC), markets, derivatives clearing houses and post-trade services.

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