10 analysts have expressed a variety of opinions on Intercontinental Exchange ICE over the past quarter, offering a diverse set of opinions from bullish to bearish.
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 | 4 | 5 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 0 | 0 | 0 |
| 2M Ago | 2 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $153.5, along with a high estimate of $164.00 and a low estimate of $142.00. Marking an increase of 0.25%, the current average surpasses the previous average price target of $153.12.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of Intercontinental Exchange by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kevin Heal | Argus Research | Maintains | Buy | $153.00 | - |
| Ken Worthington | JP Morgan | Raises | Overweight | $151.00 | $147.00 |
| Benjamin Budish | Barclays | Lowers | Overweight | $150.00 | $155.00 |
| Andrew Bond | Rosenblatt | Maintains | Buy | $164.00 | $164.00 |
| Kyle Voigt | Keefe, Bruyette & Woods | Lowers | Outperform | $155.00 | $156.00 |
| Craig Siegenthaler | B of A Securities | Lowers | Buy | $153.00 | $156.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $142.00 | $139.00 |
| Benjamin Budish | Barclays | Raises | Overweight | $155.00 | $153.00 |
| Christopher Allen | Citigroup | Raises | Buy | $160.00 | $155.00 |
| Kyle Voigt | Keefe, Bruyette & Woods | Maintains | Outperform | $152.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Intercontinental Exchange. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Intercontinental Exchange compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Capture valuable insights into Intercontinental Exchange's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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).
Key Indicators: Intercontinental Exchange's Financial Health
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Intercontinental Exchange displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 13.31%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Intercontinental Exchange's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 27.38%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Intercontinental Exchange's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.95%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Intercontinental Exchange's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.57%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Intercontinental Exchange's debt-to-equity ratio stands notably higher than the industry average, reaching 0.85. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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