Stock Rating Downgrade
In the last week the Value Trend Rating for Intercontinental Exchange Inc (NYSE: ICE) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 12/15/23, Intercontinental Exchange Inc (NYSE: ICE) stock declined slightly by -0.2%, closing at $123.10. Moreover, this decline was accompanied by unusually high trading volume at 177% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ICE is expected to continue to be an important Value Builder.
Intercontinental Exchange has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Intercontinental Exchange has a neutral Appreciation Score of 53 but a good Power Rating of 72, triggering the High Neutral Value Trend Rating.
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