That’s why I Feel Comfortable With Intercontinental Exchange Inc’s (ICE) Future

A share price of Intercontinental Exchange Inc [ICE] is currently trading at $161.14, up 0.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ICE shares have gain 1.51% over the last week, with a monthly amount drifted -0.25%, and not 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 September 27, 2024, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $200. Previously, TD Cowen started tracking the stock with Buy rating on September 26, 2024, and set its price target to $182. On August 02, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $152 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $167 on July 01, 2024. Barclays upgraded its rating to a Overweight and raised its price target to $148 on January 08, 2024. In a note dated August 04, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $117 to $130.

Intercontinental Exchange Inc experienced fluctuations in its stock price throughout the past year between $104.49 and $163.71. Currently, Wall Street analysts expect the stock to reach $143.31 within the next 12 months. Intercontinental Exchange Inc [NYSE: ICE] shares were valued at $161.14 at the most recent close of the market. An investor can expect a potential drop of -11.06% based on the average ICE price forecast.

Analyzing the ICE fundamentals

Trailing Twelve Months sales for Intercontinental Exchange Inc [NYSE:ICE] were 10.46B which represents 20.88% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.82.

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 159.60 points at the first support level, and at 158.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 162.40, and for the 2nd resistance point, it is at 163.66.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 8.84, the price to book ratio is 3.46 and price to earnings (TTM) ratio is 39.88.

Transactions by insiders

Recent insider trading involved Surdykowski Andrew J, General Counsel, that happened on Sep 26 ’24 when 2048.0 shares were sold. Officer, ANDREW SURDYKOWSKI completed a deal on Sep 27 ’24 to buy 2213.0 shares. Meanwhile, Officer ANDREW SURDYKOWSKI bought 790.0 shares on Sep 26 ’24.

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