5 analysts have shared their evaluations of Intercontinental Exchange ICE during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Intercontinental Exchange, revealing an average target of $145.4, a high estimate of $164.00, and a low estimate of $124.00. Surpassing the previous average price target of $131.60, the current average has increased by 10.49%.
Interpreting Analyst Ratings: A Closer Look
In examining recent analyst actions, we gain insights into how financial experts perceive Intercontinental Exchange. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Bond | Rosenblatt | Raises | Buy | $164.00 | $154.00 |
| Christopher Allen | Citigroup | Raises | Buy | $146.00 | $130.00 |
| Benjamin Budish | Barclays | Raises | Overweight | $148.00 | $120.00 |
| Patrick O'Shaughnessy | Raymond James | Raises | Strong Buy | $145.00 | $135.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $124.00 | $119.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Intercontinental Exchange. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Intercontinental Exchange compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Intercontinental Exchange's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Intercontinental Exchange's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Intercontinental Exchange analyst ratings.
Unveiling the Story Behind Intercontinental Exchange
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).
Intercontinental Exchange's Financial Performance
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining Intercontinental Exchange's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.76% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Intercontinental Exchange's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 22.27%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Intercontinental Exchange's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.2% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Intercontinental Exchange's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.4%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 0.93, Intercontinental Exchange faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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