Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Intercontinental Exchange (ICE) Stock Price
Press coverage about Intercontinental Exchange (NYSE:ICE) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Intercontinental Exchange earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.0687145342453 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Intercontinental Exchange, Inc. (ICE) noted a price change of 1.62% and HollyFrontier Corporation (HFC) closes with … – Stocks Gallery (stocksgallery.com)
- Ex-Dividend Reminder: Mercury General, Intercontinental Exchange and American Assets Trust (nasdaq.com)
- Insider Selling: Intercontinental Exchange Inc. (ICE) Insider Sells 12,500 Shares of Stock (americanbankingnews.com)
- Intercontinental Exchange Inc. (ICE) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Intercontinental Exchange, Inc. breached its 50 day moving average in a Bullish Manner : ICE-US : September 8, 2017 (finance.yahoo.com)
Shares of Intercontinental Exchange (ICE) traded down 0.24% during mid-day trading on Wednesday, reaching $66.22. 1,330,488 shares of the company were exchanged. The stock has a 50 day moving average price of $65.44 and a 200-day moving average price of $62.58. Intercontinental Exchange has a 12 month low of $52.27 and a 12 month high of $67.48. The stock has a market capitalization of $7.62 billion, a P/E ratio of 24.54 and a beta of 0.72.
Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. Analysts predict that Intercontinental Exchange will post $2.94 earnings per share for the current year.
A number of research firms have recently weighed in on ICE. Royal Bank Of Canada upgraded shares of Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $65.00 to $70.00 in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Tuesday. Jefferies Group LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Intercontinental Exchange in a research note on Monday, June 26th. Barclays PLC began coverage on shares of Intercontinental Exchange in a research note on Friday, September 8th. They issued an “overweight” rating and a $72.00 price objective on the stock. Finally, BidaskClub lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.81.
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In other Intercontinental Exchange news, CFO Scott A. Hill sold 17,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $65.00, for a total value of $1,105,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 80,420 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $65.24, for a total transaction of $5,246,600.80. The disclosure for this sale can be found here. Insiders sold a total of 137,420 shares of company stock worth $8,987,176 over the last three months. 1.50% of the stock is currently owned by corporate insiders.
Intercontinental Exchange Company Profile
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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