Intercontinental Exchange Inc (ICE) Analyst Updates Price Targets And Ratings

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Intercontinental Exchange Inc (NYSE:ICE) price on Thursday, May 30, rose 0.93% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $133.17.

A look at the stock’s price movement, the level at last check in today’s session was $131.95. The PE ratio in trailing twelve months stood at 30.51. Turning to its 52-week performance, $140.43 and $103.81 were the 52-week high and 52-week low respectively. Overall, ICE moved 3.43% over the past month.

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Intercontinental Exchange Inc’s market cap currently stands at around $76.39 billion. The company has a Forward Dividend ratio of 1.71, with its dividend yield at 1.28%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Turning to the stock’s technical picture we see that short term indicators suggest on average that ICE is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

The technical evaluation for the stock shows the PEG ratio is 3.24, with ICE’s current price about -0.73% and -0.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.56, while 7-day volatility ratio is 1.40% and 1.58% in the 30-day chart. Further, Intercontinental Exchange Inc (ICE) has a beta value of 1.06, and an average true range (ATR) of 2.02.

If we refocus on Intercontinental Exchange Inc (NYSE:ICE), historical trading data shows that trading volumes averaged 2.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 573.00 million shares.

The 0.84% of Intercontinental Exchange Inc’s shares are in the hands of company insiders while institutional holders own 91.47% of the company’s shares. Current price change has pushed the stock 3.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ICE stock continues to rise going into the next quarter.

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