Here’s how investors should make decisions about buying, holding or selling Intercontinental Exchange, Inc. (NYSE:ICE) stock. On Monday, shares of Intercontinental Exchange, Inc. (NYSE:ICE) closed higher after an active session. The shares accumulated 0.78 points or 1.04 percent at $75.63 with a light trade volume of 3.16 million shares. After opening the session at $75.19, the shares went as high as $75.83 and as low as $74.73, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $42.6 billion and now has 563.71 million shares outstanding. Intercontinental Exchange, Inc. (ICE) stock has gained 0.83 percent of market value in 21 trading days.
ICE stock has a trailing 3-year beta of 0.49, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.16 a share in the trailing twelve months. The stock’s value has surged 0.4 percent year to date (YTD) against a rise of 0.48 percent in 12 month’s time. The company’s shares still trade -8.49 percent away from its 1-year high of $82.65 and 13.02 percent up from 52-week low of $66.92. The average consensus rating on the company is 1.9, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Intercontinental Exchange, Inc. (ICE) will probably climb 13.71 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $95price as 12-month high target. This represents a whopping 25.61 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $86, which represents a return potential of 13.71 percent when compared to the closing price of the stock of $75.63 on Friday, January 18. The lowest price target for the stock is $73 — slightly more than -3.48 percent from ICE’s current share price.
History has shown that shares in Intercontinental Exchange, Inc. have gone up on 20 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. Investors will get their next glimpse of ICE’s Q4 earnings on February 07. Analysts are forecasting revenue to climb 13.5 percent to $1.3B in the fiscal fourth quarter, while earnings are seen soaring by nearly 26.03 percent to $0.92 per share. It earned $0.85 per share, better than the $0.8, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.2B, better than the $1.19B analysts expected. Earnings are estimated to increase by 24.1 percent this year, 9.32 percent next year and continue to increase by 13.67 percent annually for the next 5 years.
Let’s take a look at some insider activity at Intercontinental Exchange, Inc. (NYSE:ICE) and see the pattern. The earliest insider trade took place on 01/04/2019. Vice Charles A parted with a total of 35 thousand shares of company at average share price of $75.26. The total for the sales was set at $2.63 million. After this transaction, the Vice Chairman account balance stood at 385.11 thousand shares. The stock grew 0.49 percent since that insider sale. On 12/04/2018, Vice Charles A, Vice Chairman, sold 35 thousand shares at a price per share of $79.75. This removed 2.79 million shares from the insider’s fortune and the stock saw a -5.17 percent retreat in value since the news became public. This transaction left 384.91 thousand shares in the Vice Chairman account.
On 11/26/2018, General Counsel Surdykowski Andrew J performed a sale transaction worth $96.17 thousand. This sale at $80.14 each has eliminated 1.2 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -5.63 percent decrease since the transaction was reported. The insider now is left with 36.82 thousand shares remaining in the account. Wassersug Mark, who performs the COO job, sold 7.9 thousand shares for $625.36 thousand. The disposal occurred on 11/15/2018 was priced at $79.13 per share. The share price plunged -4.42 percent since the reporting date. Wassersug Mark now left with a stake of 29.08 thousand ICE stock worth $2.2 million after the insider selling.
The stock is currently hovering around the first support level of $74.96. Below this, the next support is placed in the zone of $74.3. Till the time, the ICE stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 52.59 on daily chart, which may remain a cause for concern. If the price breaks below $74.3 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $76.06 mark may result into a pull-back move towards $76.5 level.
Shares of Intercontinental Exchange, Inc. (ICE) are trading at a P/E ratio of 25.52 times earnings reported for the past 12 months. The industry ICE operates in has an average P/E of 27.55. Its P/E ratio went as low as 16.47X and as high as 58.45 over the 5-year span.Further, it is sporting a 8.85 on the Price-to-Sales ratio. Compare this with the industry average P/S of 11.05.