Analyst Scoreboard: 11 Ratings For Intercontinental Exchange
In the last three months, 11 analysts have published ratings on Intercontinental Exchange (NYSE:ICE), offering a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 5 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 3 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $154.73, with a high estimate of $167.00 and a low estimate of $142.00. This current average reflects an increase of 1.06% from the previous average price target of $153.11.
Decoding Analyst Ratings: A Detailed Look
The standing of Intercontinental Exchange among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Alexander Blostein | Goldman Sachs | Announces | Buy | $167.00 | - |
| Kevin Heal | Argus Research | Maintains | Buy | $153.00 | $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: 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 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.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Intercontinental Exchange's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Intercontinental Exchange analyst ratings.
Delving into Intercontinental Exchange's Background
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: A Financial Overview
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects 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 13.31% as of 31 March, 2024, 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: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 27.38%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Intercontinental Exchange's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.95%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Intercontinental Exchange's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.57%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Intercontinental Exchange's debt-to-equity ratio surpasses industry norms, standing at 0.85. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.