The stock of Intercontinental Exchange Inc (NYSE:ICE) reached all time high today, Nov, 10 and still has $71.18 target or 23.00% above today’s $57.87 share price. This indicates more upside for the $36.19B company. This technical setup was reported by Barchart.com. If the $71.18 PT is reached, the company will be worth $8.32B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 543,429 shares traded hands. Intercontinental Exchange Inc (NYSE:ICE) has declined 75.45% since April 8, 2016 and is downtrending. It has underperformed by 81.09% the S&P500.
Intercontinental Exchange Inc (NYSE:ICE) Ratings Coverage
Out of 12 analysts covering Intercontinental Exchange (NYSE:ICE), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Intercontinental Exchange has been the topic of 33 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Intercontinental Exchange Inc (NYSE:ICE) has “Overweight” rating given on Tuesday, August 11 by Barclays Capital. The firm earned “Buy” rating on Thursday, May 19 by Buckingham Research. Barclays Capital reinitiated Intercontinental Exchange Inc (NYSE:ICE) rating on Tuesday, December 15. Barclays Capital has “Overweight” rating and $278.0 price target. The company was maintained on Friday, April 8 by Wood. RBC Capital Markets initiated Intercontinental Exchange Inc (NYSE:ICE) on Wednesday, December 9 with “Sector Perform” rating. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 4. The firm has “Buy” rating given on Tuesday, January 5 by Goldman Sachs. Argus Research downgraded the stock to “Hold” rating in Monday, November 2 report. The stock has “Hold” rating given by Standpoint Research on Sunday, August 9. The stock of Intercontinental Exchange Inc (NYSE:ICE) has “Buy” rating given on Friday, May 20 by Sterne Agee CRT.
According to Zacks Investment Research, “IntercontinentalExchange Group, Inc. is the leading network of regulated exchanges and clearing houses for financial and commodity markets. It delivers data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext. The Company offers access to contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, orange juice, and sugar. IntercontinentalExchange Group, Inc., formerly known as IntercontinentalExchange, Inc., is based in Atlanta, Georgia.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.38, from 1.3 in 2016Q1. The ratio fall, as 56 funds sold all Intercontinental Exchange Inc shares owned while 214 reduced positions. 55 funds bought stakes while 194 increased positions. They now own 103.79 million shares or 1.19% more from 102.57 million shares in 2016Q1.
Synovus holds 0.01% or 2,201 shares in its portfolio. Ibm Retirement Fund reported 15,426 shares or 0.15% of all its holdings. Sumitomo Life Insurance Co last reported 4,332 shares in the company. Amf Pensionsforsakring Ab reported 199,592 shares or 0.66% of all its holdings. Wetherby Asset Mngmt holds 0.09% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE) for 1,502 shares. Lazard Asset Mgmt Ltd Com accumulated 0.73% or 1.24M shares. Arcadia Inv Mi accumulated 28,304 shares or 2.36% of the stock. Morgan Stanley holds 0.03% or 277,223 shares in its portfolio. Rocky Mountain Advisers Lc has 0.01% invested in the company for 7 shares. Alphamark Ltd Liability Corp holds 15,106 shares or 2.28% of its portfolio. Northern last reported 0.15% of its portfolio in the stock. Moreover, Cleararc Cap Inc has 0.14% invested in Intercontinental Exchange Inc (NYSE:ICE) for 2,887 shares. Ariel Invests Ltd Limited Liability Company holds 0.01% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE) for 4,235 shares. Employees Retirement Of Texas accumulated 40,478 shares or 0.14% of the stock. Central Financial Bank, a Kentucky-based fund reported 19,661 shares.
Another recent and important Intercontinental Exchange Inc (NYSE:ICE) news was published by Fool.com which published an article titled: “Intercontinental Exchange Inc’s Earnings Notch Another Double-Digit Gain” on November 01, 2016.
ICE Company Profile
Intercontinental Exchange, Inc., formerly IntercontinentalExchange Group, Inc., incorporated on March 6, 2013, is an operator of regulated exchanges, clearing houses and listings venues. The Firm provides data services for commodity and financial markets. The Firm operates in the United States, the United Kingdom, continental Europe, Asia, Israel and Canada. The Firm operates regulated marketplaces for trading and clearing a range of derivatives and securities contracts across asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, credit derivatives, bonds and currencies. The Firm provides various services to its customers, such as pre-trade to execution, clearing, data services and technology.
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