Currently, Intercontinental Exchange Inc [ICE] is trading at $148.57, down -0.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The ICE shares have lost -0.24% over the last week, with a monthly amount glided 7.78%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Intercontinental Exchange Inc [NYSE: ICE] stock has seen the most recent analyst activity on July 01, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $167 from $143. Previously, Barclays upgraded its rating to Overweight on January 08, 2024, and elevated its price target to $148. Citigroup upgraded its rating to a Buy and increased its price target to $130 on August 04, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $123 as its price target on June 28, 2023. BofA Securities upgraded its rating to Buy for this stock on November 17, 2022, and upped its price target to $132. In a note dated October 12, 2022, Citigroup initiated an Neutral rating and provided a target price of $102 on this stock.
This stock has fluctuated between a low of $104.49 and a high of $149.60 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $139.53 within the next 12 months. Intercontinental Exchange Inc [NYSE: ICE] shares were valued at $148.57 at the most recent close of the market. An investor can expect a potential drop of -6.08% based on the average ICE price forecast.
Analyzing the ICE fundamentals
Trailing Twelve Months sales for Intercontinental Exchange Inc [NYSE:ICE] were 9.99B which represents 16.06% growth. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.1 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 147.97 points at the first support level, and at 147.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 149.59, and for the 2nd resistance point, it is at 150.60.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.53, the price to book ratio is 3.24 and price to earnings (TTM) ratio is 34.03.
Transactions by insiders
Recent insider trading involved Edmonds Christopher Scott, President, Fixed Income & Data, that happened on Jul 17 ’24 when 1000.0 shares were sold. Chief Executive Officer, Sprecher Jeffrey C completed a deal on Jul 09 ’24 to sell 0.11 million shares. Meanwhile, Chief Executive Officer Sprecher Jeffrey C sold 58389.0 shares on Jul 09 ’24.
