Intercontinental Exchange Inc [NYSE: ICE] plunged by -$1.12 during the normal trading session on Thursday and reaching a high of $173.298 during the day while it closed the day at $171.13.
Intercontinental Exchange Inc stock has also loss -2.86% of its value over the past 7 days. However, ICE stock has declined by -4.80% in the 3 months of the year. Over the past six months meanwhile, it has lost -1.47% and gained 5.69% year-on date.
The market cap for ICE stock reached $97.96 billion, with 572.00 million shares outstanding and 568.41 million shares in the current float. Compared to the average trading volume of 2.55M shares, ICE reached a trading volume of 5927229 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 $207.00 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 1.68. 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 Price to Book ratio for the last quarter was 3.44, with the Price to Cash per share for the same quarter was set at 4.16. Price to Free Cash Flow for ICE in the course of the last twelve months was 21.97 with Quick ratio for the last quarter at 1.01.
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 -2.86. With this latest performance, ICE shares dropped by -4.01% in over the last four-week period, additionally sinking by -1.47% over the last 6 months – not to mention a rise of 14.84% in the past year of trading.
Intercontinental Exchange Inc [ICE]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Intercontinental Exchange Inc [ICE] shares currently have an operating margin of 41.12% and a Gross Margin at 69.67%. Intercontinental Exchange Inc’s Net Margin is presently recorded at 25.74%.
Intercontinental Exchange Inc (ICE) Capital Structure & Debt Analysis
According to recent financial data for Intercontinental Exchange Inc. ( ICE), the Return on Equity (ROE) stands at 10.89%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 2.13%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Intercontinental Exchange Inc’s Return on Invested Capital (ROIC) is 6.49%, showcasing its effectiveness in deploying capital for earnings.
Intercontinental Exchange Inc (ICE) Efficiency & Liquidity Metrics
Based on Intercontinental Exchange Inc’s (ICE) latest financial statements, the Debt-to-Equity Ratio is 0.69%, indicating its reliance on debt financing relative to shareholder equity.
Intercontinental Exchange Inc (ICE) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Intercontinental Exchange Inc. (ICE) effectively leverages its workforce, generating an average of $232198.14 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.01% and a Quick Ratio of 1.01%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for Intercontinental Exchange Inc [ICE] stock
With the latest financial reports released by the company, Intercontinental Exchange Inc posted 1.55/share EPS, while the average EPS was predicted by analysts to be reported at 1.55/share. 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 12.15%.
Intercontinental Exchange Inc [ICE]: Institutional Ownership
There are presently around $93.37%, or 94.25%% 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%.
