News stories about Intercontinental Exchange (NYSE:ICE) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Intercontinental Exchange earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.0332205935519 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Intercontinental Exchange Inc. (NYSE:ICE) Experiences Heavier than Usual Trading Volume (highlightpress.com)
- BRIEF-Intercontinental Exchange agrees with lenders to amend terms pursuant to fourth amendment to agreement (reuters.com)
- INTERCONTINENTAL EXCHANGE, INC. (NYSE:ICE) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- How To YieldBoost Intercontinental Exchange From 1.2% To 5.9% Using Options (nasdaq.com)
- Intercontinental Exchange Inc. (ICE) Shares Bought by Korea Investment CORP (techkenyot.com)
Shares of Intercontinental Exchange (NYSE ICE) opened at 64.55 on Tuesday. The stock’s 50 day moving average is $65.80 and its 200 day moving average is $61.84. The firm has a market cap of $7.43 billion, a P/E ratio of 23.92 and a beta of 0.71. Intercontinental Exchange has a 52 week low of $52.27 and a 52 week high of $67.48.
Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.75. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, equities research analysts predict that Intercontinental Exchange will post $2.95 earnings per share for the current fiscal year.
ICE has been the topic of several research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $66.00 price objective (down previously from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Royal Bank Of Canada set a $65.00 price objective on Intercontinental Exchange and gave the stock a “hold” rating in a report on Tuesday, June 6th. BidaskClub raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Intercontinental Exchange in a report on Monday, June 26th. Finally, Citigroup Inc. initiated coverage on Intercontinental Exchange in a report on Wednesday, July 12th. They set a “neutral” rating and a $67.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $68.36.
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In other Intercontinental Exchange news, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total value of $836,625.00. Following the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at approximately $25,598,784.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Jefferson Hague sold 1,150 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $59.94, for a total value of $68,931.00. The disclosure for this sale can be found here. Insiders sold a total of 157,024 shares of company stock worth $9,732,522 over the last ninety days. Insiders own 1.50% of the company’s stock.
Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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