Intercontinental Exchange Inc [NYSE: ICE] plunged by -$2.06 during the normal trading session on while it closed the day at $155.79.
Intercontinental Exchange Inc stock has also loss -6.45% of its value over the past 7 days. However, ICE stock has inclined by 1.32% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.79% and gained 21.30% year-on date.
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The market cap for ICE stock reached $89.45 billion, with 573.00 million shares outstanding and 569.50 million shares in the current float. Compared to the average trading volume of 2.75M shares, ICE reached a trading volume of 5992421 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $181.69 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 1.62. 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.
Raymond James have made an estimate for Intercontinental Exchange Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 14, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on September 27, 2024, representing the official price target for Intercontinental Exchange Inc stock. Previously, the target price had yet another raise to $182, while TD Cowen analysts kept a Buy rating on ICE stock. On August 02, 2024, analysts decreased their price target for ICE shares from 155 to 152.
The Average True Range (ATR) for Intercontinental Exchange Inc is set at 3.21, with the Price to Sales ratio for ICE stock in the period of the last 12 months amounting to 8.21. The Price to Book ratio for the last quarter was 3.28, with the Price to Cash per share for the same quarter was set at 4.35. Price to Free Cash Flow for ICE in the course of the last twelve months was 23.70.
ICE stock trade performance evaluation
Intercontinental Exchange Inc [ICE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.45. With this latest performance, ICE shares dropped by -3.89% in over the last four-week period, additionally plugging by 16.79% over the last 6 months – not to mention a rise of 44.53% 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 37.61, with the RSI for the last a single of trading hit 33.69, and the three-weeks RSI is set at 41.29 for Intercontinental Exchange Inc [ICE]. The present Moving Average for the last 50 days of trading for this stock 161.69, while it was recorded at 155.73 for the last single week of trading, and 144.62 for the last 200 days.
Earnings per share (EPS) analysis for Intercontinental Exchange Inc [ICE] stock
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 10.00%.
Intercontinental Exchange Inc [ICE]: Institutional Ownership
There are presently around $92.16%, or 93.10%% 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%.
