In a report released today, Kyle Voigt from KBW maintained a Buy rating on Intercontinental Exchange (ICE – Research Report), with a price target of $142.00. The company’s shares closed yesterday at $126.75.
Voigt covers the Financial sector, focusing on stocks such as Charles Schwab, CME Group, and Marketaxess Holdings. According to TipRanks, Voigt has an average return of 5.6% and a 67.50% success rate on recommended stocks.
Currently, the analyst consensus on Intercontinental Exchange is a Strong Buy with an average price target of $141.67.
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Based on Intercontinental Exchange’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.43 billion and a net profit of $541 million. In comparison, last year the company earned a revenue of $2.39 billion and had a GAAP net loss of $191 million
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ICE in relation to earlier this year. Last month, Benjamin Jackson, the President of ICE bought 2,560.00 shares for a total of $106,470.40.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Intercontinental Exchange (ICE) Company Description:
Founded in 2000, Georgia-based Intercontinental Exchange, Inc. engages in the management of online marketplaces. It operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
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