For its second fiscal quarter (ending June 30), Intercontinental Exchange Inc (NYSE: ICE) has reported E.P.S. of $1.10 compared to $1.43 a year ago. For the latest four quarters through June 30, E.P.S. were $4.05 compared to $3.02 a year ago.
Recent Price Action
Intercontinental Exchange Inc (NYSE: ICE) stock closed at $151.00 on 8/1/24 after a slight decline of -0.4%. Moreover, trading volume in this decline was unusually high at 172% of normal. The stock has risen 2.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ICE is expected to continue to be an important Value Builder.
Intercontinental Exchange has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Intercontinental Exchange has a neutral Appreciation Score of 55 but a good Power Rating of 80, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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