Intercontinental Exchange Inc. (NYSE:ICE).
On July 12, 2017 Citigroup began coverage of the stock by announcing an initial rating of “Neutral”. On October 11 Jefferies left the company rating at “Buy” and moved up the price target to $310.00 from $260.00.
On June 1 the company was upgraded to “Neutral” from “Overweight” and a price target of $284.00 was set in a statement from JP Morgan. JP Morgan raised the price target and upgraded the stock on June 1 boosting the price target from $252.00 to $284.00 and raising the rating from “Overweight” to “Neutral”.
On May 20 analysts at Sterne Agee CRT started coverage giving it an initial rating of “Buy” and establishing a price target of $300.00.
The company is trading up by 0.69 percent from yesterday’s close. Intercontinental Exchange Inc. declared a dividend for shareholders payable on Friday the 29th of September 2017. The dividend payment will be $0.200 per share for the quarter which is $0.80 annualized. This dividend represents a yield of $1.22. The ex-dividend date has been established as Wednesday the 14th of June 2017.
Shares are trading at $65.87 marginally over the 50 day moving average of $62.12 and a tad higher than the 200 day moving average of $59.66. The 50 day moving average went up $3.75 or +6.03% and the 200 day average went up by +10.40%.
Intercontinental Exchange, Inc., launched on March 6, 2013, is an operator of regulated exchanges, clearing houses and listings venues. The Company provides data services for commodity and financial markets. The Business’s segments include Trading and Clearing segment, and Data and Listings segment. The Trading and Clearing segment includes the Business’s transaction-based execution and clearing businesses. The Business’s Data and Listings segment includes its subscription-based data services and securities listings businesses. The Company operates regulated marketplaces for listing, trading and clearing a range of derivatives and securities contracts across the asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, exchange traded funds, credit derivatives, bonds and currencies. The Company offers market data services to support the trading, investment, risk management and connectivity needs of customers across a range of asset classes..
The most current P/E ratio is 25.43 and market cap is 7.58B. In the last earnings report the EPS was $2.59 and is projected to be $3.00 for the current year with 115,047,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.74 with next year’s EPS projected to be $3.40.