Somewhat Positive Press Coverage Somewhat Unlikely to Affect Intercontinental Exchange (ICE) Share Price
Media headlines about Intercontinental Exchange (NYSE:ICE) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Intercontinental Exchange earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.5150759096921 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Intercontinental Down 75.5% Since SmarTrend Downtrend Call (ICE) (mysmartrend.com)
- Intercontinental Exchange Inc. (ICE) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Intercontinental Exchange Inc. (ICE) Receives Buy Rating from Royal Bank Of Canada (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Intercontinental Exchange Inc. (finance.yahoo.com)
- Holds Position in Intercontinental Exchange Inc. (NYSE:ICE) (expressnewsline.com)
Intercontinental Exchange (NYSE ICE) traded up 0.30% during mid-day trading on Wednesday, reaching $66.06. 1,630,596 shares of the company’s stock traded hands. Intercontinental Exchange has a 12 month low of $52.27 and a 12 month high of $67.48. The company has a 50 day moving average price of $65.90 and a 200-day moving average price of $61.67. The stock has a market cap of $7.60 billion, a P/E ratio of 24.48 and a beta of 0.71.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $0.69 EPS. Intercontinental Exchange’s revenue was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Intercontinental Exchange will post $2.95 EPS for the current year.
ICE has been the topic of a number of research reports. Royal Bank Of Canada set a $61.00 price objective on shares of Intercontinental Exchange and gave the stock a “hold” rating in a research report on Thursday, April 20th. Deutsche Bank AG reissued a “buy” rating and issued a $66.00 price objective (down previously from $67.00) on shares of Intercontinental Exchange in a research report on Monday, May 15th. BidaskClub raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Intercontinental Exchange in a research report on Monday, June 26th. Finally, Citigroup Inc. initiated coverage on shares of Intercontinental Exchange in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Intercontinental Exchange currently has an average rating of “Buy” and a consensus price target of $68.36.
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In other Intercontinental Exchange news, insider Charles A. Vice sold 15,000 shares of Intercontinental Exchange stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $60.37, for a total transaction of $905,550.00. Following the transaction, the insider now directly owns 384,971 shares of the company’s stock, valued at approximately $23,240,699.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $66.93, for a total transaction of $836,625.00. Following the transaction, the insider now directly owns 382,471 shares in the company, valued at $25,598,784.03. The disclosure for this sale can be found here. Insiders have sold a total of 163,024 shares of company stock worth $10,082,142 over the last ninety days. Insiders own 1.50% of the company’s stock.
About Intercontinental Exchange
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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