Intercontinental Exchange Inc [NYSE: ICE] gained 0.45% or 0.63 points to close at $141.45 with a heavy trading volume of 2070106 shares.
The daily chart for ICE points out that the company has recorded 11.86% gains over the past six months.
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If we look at the average trading volume of 2.31M shares, ICE reached to a volume of 2070106 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $154.84 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 1.42. 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.
Goldman have made an estimate for Intercontinental Exchange Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 01, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $120 to $148. The new note on the price target was released on January 08, 2024, representing the official price target for Intercontinental Exchange Inc stock. Previously, the target price had yet another raise to $125, while Goldman analysts kept a Neutral rating on ICE stock. On August 04, 2023, analysts increased their price target for ICE shares from 117 to 130.
The Average True Range (ATR) for Intercontinental Exchange Inc is set at 2.03, with the Price to Sales ratio for ICE stock in the period of the last 12 months amounting to 8.12. The Price to Book ratio for the last quarter was 3.09, with the Price to Cash per share for the same quarter was set at 3.64. Price to Free Cash Flow for ICE in the course of the last twelve months was 22.10.
Trading performance analysis for ICE stock
Intercontinental Exchange Inc [ICE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.96. With this latest performance, ICE shares gained by 5.84% in over the last four-week period, additionally plugging by 11.86% over the last 6 months – not to mention a rise of 25.25% 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 69.99, with the RSI for the last a single of trading hit 75.98, and the three-weeks RSI is set at 64.65 for Intercontinental Exchange Inc [ICE]. The present Moving Average for the last 50 days of trading for this stock 134.80, while it was recorded at 138.65 for the last single week of trading, and 126.21 for the last 200 days.
Intercontinental Exchange Inc [ICE]: An earnings per share (EPS) analysis
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 9.43%.
An analysis of Institutional ownership at Intercontinental Exchange Inc [ICE]
The top three institutional holders of ICE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ICE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ICE stock with ownership which is approximately 5.1238%.
