Intercontinental Exchange (NYSE:ICE)‘s stock had its “overweight” rating reissued by analysts at JPMorgan Chase & Co. in a report issued on Friday, The Fly reports. They presently have a $91.00 target price on the financial services provider’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 24.03% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Deutsche Bank lifted their target price on shares of Intercontinental Exchange from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Berenberg Bank set a $92.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research report on Thursday, September 20th. Finally, Rosenblatt Securities began coverage on shares of Intercontinental Exchange in a research report on Wednesday, September 5th. They issued a “buy” rating and a $88.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Intercontinental Exchange currently has a consensus rating of “Buy” and an average target price of $82.80.

NYSE:ICE traded up $0.07 during trading hours on Friday, reaching $73.37. The company’s stock had a trading volume of 28,091 shares, compared to its average volume of 2,514,773. The stock has a market cap of $42.94 billion, a PE ratio of 24.85, a PEG ratio of 2.18 and a beta of 0.65. Intercontinental Exchange has a 1 year low of $64.91 and a 1 year high of $78.48. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 2nd. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Sell-side analysts anticipate that Intercontinental Exchange will post 3.48 EPS for the current year.

In other Intercontinental Exchange news, General Counsel Johnathan H. Short sold 6,000 shares of the firm’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $75.73, for a total value of $454,380.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Benjamin Jackson sold 2,860 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $77.88, for a total transaction of $222,736.80. The disclosure for this sale can be found here. In the last three months, insiders sold 288,819 shares of company stock worth $21,703,215. Insiders own 1.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ICE. Royal London Asset Management Ltd. purchased a new position in Intercontinental Exchange during the 2nd quarter valued at about $17,795,000. Baird Financial Group Inc. lifted its position in Intercontinental Exchange by 11.2% during the 2nd quarter. Baird Financial Group Inc. now owns 131,129 shares of the financial services provider’s stock valued at $9,644,000 after acquiring an additional 13,229 shares during the period. OppenheimerFunds Inc. lifted its position in Intercontinental Exchange by 17.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 6,938,214 shares of the financial services provider’s stock valued at $510,306,000 after acquiring an additional 1,011,626 shares during the period. Private Advisor Group LLC lifted its position in Intercontinental Exchange by 377.2% during the 2nd quarter. Private Advisor Group LLC now owns 17,762 shares of the financial services provider’s stock valued at $1,308,000 after acquiring an additional 14,040 shares during the period. Finally, Richard Bernstein Advisors LLC lifted its position in Intercontinental Exchange by 5.1% during the 2nd quarter. Richard Bernstein Advisors LLC now owns 57,890 shares of the financial services provider’s stock valued at $4,258,000 after acquiring an additional 2,817 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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