Intercontinental Exchange Inc. [ICE] is 14.78% higher this YTD. Is it still time to buy?

Intercontinental Exchange Inc. [NYSE: ICE] jumped around 0.67 points on Monday, while shares priced at $106.23 at the close of the session, up 0.63%. The company report on August 18, 2020 that ICE Enhances NYSE FANG+™ Index Futures.

Reduces notional value of the contract to one tenth of the current size.

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, today announced it plans to enhance the NYSE FANG+™ Index futures by reducing the contract size to better match the needs of a wide range of investors.

Intercontinental Exchange Inc. stock is now 14.78% up from its year-to-date (YTD) trading value. ICE Stock saw the intraday high of $106.63 and lowest of $105.46 per share. The company’s 52-week high price is 105.99, which means current price is +67.27% above from all time high which was touched on 08/31/20.

Compared to the average trading volume of 2.98M shares, ICE reached a trading volume of 2320237 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Intercontinental Exchange Inc. [ICE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ICE shares is $109.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ICE stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Intercontinental Exchange Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on August 18, 2020. While these analysts kept the previous recommendation, Berenberg raised their target price from $101 to $106. The new note on the price target was released on April 20, 2020, representing the official price target for Intercontinental Exchange Inc. stock. Previously, the target price had yet another drop from $100 to $93, while Citigroup kept a Buy rating on ICE stock. On February 10, 2020, analysts increased their price target for ICE shares from 100 to 105.

The Average True Range (ATR) for Intercontinental Exchange Inc. is set at 1.75, with the Price to Sales ratio for ICE stock in the period of the last 12 months amounting to 10.27. The Price to Book ratio for the last quarter was 3.42, with the Price to Cash per share for the same quarter was set at 1.63. Price to Free Cash Flow for ICE in the course of the last twelve months was 30.65 with Quick ratio for the last quarter at 1.00.

How has ICE stock performed recently?

Intercontinental Exchange Inc. [ICE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.40. With this latest performance, ICE shares gained by 9.76% in over the last four-week period, additionally plugging by 11.89% over the last 6 months – not to mention a rise of 13.64% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ICE stock in for the last two-week period is set at 71.87, with the RSI for the last a single of trading hit 73.81, and the three-weeks RSI is set at 67.51 for Intercontinental Exchange Inc. [ICE]. The present Moving Average for the last 50 days of trading for this stock 96.90, while it was recorded at 105.25 for the last single week of trading, and 92.82 for the last 200 days.

Intercontinental Exchange Inc. [ICE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Intercontinental Exchange Inc. [ICE] shares currently have an operating margin of +39.25 and a Gross Margin at +74.11. Intercontinental Exchange Inc.’s Net Margin is presently recorded at +31.34.

Return on Total Capital for ICE is now 9.63, given the latest momentum, and Return on Invested Capital for the company is 8.32. Return on Equity for this stock inclined to 11.22, with Return on Assets sitting at 2.06. When it comes to the capital structure of this company, Intercontinental Exchange Inc. [ICE] has a Total Debt to Total Equity ratio set at 47.25. Additionally, ICE Total Debt to Total Capital is recorded at 32.09, with Total Debt to Total Assets ending up at 8.63. Long-Term Debt to Equity for the company is recorded at 32.05, with the Long-Term Debt to Total Capital now at 21.77.

Reflecting on the efficiency of the workforce at the company, Intercontinental Exchange Inc. [ICE] managed to generate an average of $322,758 per employee. Receivables Turnover for the company is 6.36 with a Total Asset Turnover recorded at a value of 0.07.Intercontinental Exchange Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings analysis for Intercontinental Exchange Inc. [ICE]

With the latest financial reports released by the company, Intercontinental Exchange Inc. posted 1.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.96/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ICE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Intercontinental Exchange Inc. go to 9.07%.

Insider trade positions for Intercontinental Exchange Inc. [ICE]

There are presently around $51,193 million, or 94.30% of ICE stock, in the hands of institutional investors. The top three institutional holders of ICE stocks are: VANGUARD GROUP INC with ownership of 43,402,982, which is approximately -1.613% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 38,579,529 shares of the stock with an approximate value of $4.1 billion in ICE stocks shares; and STATE STREET CORP, currently with $2.52 billion in ICE stock with ownership of nearly -0.823% of the company’s market capitalization.

Positions in Intercontinental Exchange Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 550 institutional holders increased their position in Intercontinental Exchange Inc. [NYSE:ICE] by around 26,849,327 shares. Additionally, 448 investors decreased positions by around 34,774,585 shares, while 130 investors held positions by with 420,281,538 shares. The mentioned changes placed institutional holdings at 481,905,450 shares, according to the latest SEC report filing. ICE stock had 128 new institutional investments in for a total of 3,912,950 shares, while 66 institutional investors sold positions of 5,869,555 shares during the same period.

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