Headlines about Intercontinental Exchange (NYSE:ICE) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Intercontinental Exchange earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.1514643177724 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- BlackRock CEO Fink shows no signs of entering bitcoin ETF race (finance.yahoo.com)
- London loses oil futures listings as Mifid II bites – Financial Times (ft.com)
- Hot Tickers: Intercontinental Exchange, Inc. (ICE), Viavi Solutions Inc. (VIAV) – Market Movers (financialqz.com)
- PRESS DIGEST- Financial Times – Jan 11 (finance.yahoo.com)
- Intercontinental Exchange Getting Closer To Key Technical Measure (finance.yahoo.com)
ICE has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Intercontinental Exchange from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Royal Bank of Canada upped their target price on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Citigroup upped their target price on shares of Intercontinental Exchange from $75.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Argus upped their target price on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, UBS Group upped their target price on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $75.40.
Shares of Intercontinental Exchange (NYSE ICE) traded up $0.40 on Friday, hitting $74.78. 1,659,885 shares of the stock traded hands, compared to its average volume of 2,602,800. The firm has a market capitalization of $43,750.00, a PE ratio of 27.19, a PEG ratio of 2.29 and a beta of 0.70. Intercontinental Exchange has a 1-year low of $56.17 and a 1-year high of $75.01. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Intercontinental Exchange had a net margin of 27.91% and a return on equity of 11.01%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. equities research analysts forecast that Intercontinental Exchange will post 2.95 EPS for the current year.
Intercontinental Exchange announced that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
In other news, insider Charles A. Vice sold 12,500 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $68.52, for a total transaction of $856,500.00. Following the sale, the insider now owns 382,471 shares of the company’s stock, valued at $26,206,912.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Charles A. Vice sold 7,500 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $71.93, for a total transaction of $539,475.00. Following the sale, the insider now directly owns 377,471 shares in the company, valued at approximately $27,151,489.03. The disclosure for this sale can be found here. Insiders have sold 38,070 shares of company stock worth $2,684,849 in the last three months. Corporate insiders own 1.50% of the company’s stock.
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About Intercontinental Exchange
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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