Intercontinental Exchange Inc (NYSE: ICE) has reported earnings for its third fiscal quarter (ending September 30) of $1.15 versus $0.96 for the same period a year ago — an increase of 20%. For the latest four quarters through September 30, E.P.S. were $4.24 versus $4.32 for the same period a year ago — a decline of -2%.
Recent Price Action
Intercontinental Exchange Inc (NYSE: ICE) stock closed at $155.87 on 10/31/24 after a large decline of -6.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 295% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.5% during the last week.
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 54 but a very high Power Rating of 90, triggering the Positive Value Trend Rating.
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.
Be the first to comment