Intercontinental Exchange Inc [NYSE: ICE] stock went on an upward path that rose over 1.45% on Thursday, amounting to a one-week price increase of more than 3.25%.
Over the last 12 months, ICE stock rose by 51.74%. The one-year Intercontinental Exchange Inc stock forecast points to a potential upside of 6.27. The average equity rating for ICE stock is currently 1.57, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $93.73 billion, with 573.00 million shares outstanding and 569.46 million shares in the current float. Compared to the average trading volume of 2.77M shares, ICE stock reached a trading volume of 2585784 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $174.19 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 1.57. 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.
RBC Capital Mkts have made an estimate for Intercontinental Exchange Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 27, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Buy. The new note on the price target was released on September 26, 2024, representing the official price target for Intercontinental Exchange Inc stock. Previously, the target price had yet another drop from $155 to $152, while Deutsche Bank kept a Hold rating on ICE stock. On July 01, 2024, analysts increased their price target for ICE shares from 143 to 167.
The Average True Range (ATR) for Intercontinental Exchange Inc is set at 2.15, with the Price to Sales ratio for ICE stock in the period of the last 12 months amounting to 8.96. The Price to Book ratio for the last quarter was 3.51, with the Price to Cash per share for the same quarter was set at 4.59. Price to Free Cash Flow for ICE in the course of the last twelve months was 25.47.
ICE Stock Performance Analysis:
Intercontinental Exchange Inc [ICE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.25. With this latest performance, ICE shares gained by 0.51% in over the last four-week period, additionally plugging by 19.43% over the last 6 months – not to mention a rise of 51.74% 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 63.57, with the RSI for the last a single of trading hit 66.54, and the three-weeks RSI is set at 63.36 for Intercontinental Exchange Inc [ICE]. The present Moving Average for the last 50 days of trading for this stock 157.67, while it was recorded at 160.92 for the last single week of trading, and 140.26 for the last 200 days.
ICE Stock EPS
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 9.54%.
Intercontinental Exchange Inc [ICE] Institutonal Ownership Details
There are presently around $92.41%, or 93.36%% of ICE stock, in the hands of institutional investors. The top three institutional holders of ICE stocks are: VANGUARD GROUP INC with ownership of 51.14 million shares, which is approximately 8.9246%. BLACKROCK INC., holding 43.5 million shares of the stock with an approximate value of $$5.95 billion in ICE stocks shares; and BLACKROCK INC., currently with $$3.46 billion in ICE stock with ownership which is approximately 4.4157%.
