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Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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10 analysts have expressed a variety of opinions on Intercontinental Exchange (NYSE:ICE) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 4 | 5 | 1 | 0 | 0 |
Last 30D | 1 | 0 | 0 | 0 | 0 |
1M Ago | 1 | 3 | 0 | 0 | 0 |
2M Ago | 2 | 2 | 1 | 0 | 0 |
3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $153.5, along with a high estimate of $164.00 and a low estimate of $142.00. Marking an increase of 0.25%, the current average surpasses the previous average price target of $153.12.
The analysis of recent analyst actions sheds light on the perception of Intercontinental Exchange by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Kevin Heal | Argus Research | Maintains | Buy | $153.00 | - |
Ken Worthington | JP Morgan | Raises | Overweight | $151.00 | $147.00 |
Benjamin Budish | Barclays | Lowers | Overweight | $150.00 | $155.00 |
Andrew Bond | Rosenblatt | Maintains | Buy | $164.00 | $164.00 |
Kyle Voigt | Keefe, Bruyette & Woods | Lowers | Outperform | $155.00 | $156.00 |
Craig Siegenthaler | B of A Securities | Lowers | Buy | $153.00 | $156.00 |
Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $142.00 | $139.00 |
Benjamin Budish | Barclays | Raises | Overweight | $155.00 | $153.00 |
Christopher Allen | Citigroup | Raises | Buy | $160.00 | $155.00 |
Kyle Voigt | Keefe, Bruyette & Woods | Maintains | Outperform | $152.00 | - |
Capture valuable insights into Intercontinental Exchange's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Intercontinental Exchange analyst ratings.
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Intercontinental Exchange displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 13.31%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Intercontinental Exchange's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 27.38%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Intercontinental Exchange's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.95%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Intercontinental Exchange's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.57%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Intercontinental Exchange's debt-to-equity ratio stands notably higher than the industry average, reaching 0.85. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: ICE