Jefferies Reaffirms Intercontinental Exchange (NYSE:ICE) As a “Buy”; They Now Have a PT Of $73

July 17, 2017 - By Marguerite Chambers

 Jefferies Reaffirms Intercontinental Exchange (NYSE:ICE) As a

Investors sentiment increased to 11.77 in 2016 Q4. Its up 10.76, from 1.01 in 2016Q3. It is positive, as 32 investors sold Intercontinental Exchange Inc shares while 16 reduced holdings. 77 funds opened positions while 488 raised stakes. 1.03 billion shares or 903.33% more from 102.32 million shares in 2016Q3 were reported.

Stralem & owns 463,830 shares. Cap Research Global Invsts holds 0.02% in Intercontinental Exchange Inc (NYSE:ICE) or 1.13 million shares. 147,455 were reported by Daiwa Secs Grp Inc Inc. Bp Public Limited, a United Kingdom-based fund reported 117,500 shares. Pnc Serv owns 212,944 shares. Cibc Ww Corporation stated it has 40,858 shares or 0.02% of all its holdings. 32,613 were accumulated by Gsa Capital Prns Limited Liability Partnership. California Employees Retirement Systems invested in 1.20M shares. Bnp Paribas Arbitrage accumulated 66,081 shares. Louisiana State Employees Retirement System, Louisiana-based fund reported 37,500 shares. Korea Invest holds 0.29% or 1.08M shares in its portfolio. Shell Asset Mgmt Co holds 43,802 shares or 0.07% of its portfolio. Riverhead Capital Management Ltd Liability has 0.17% invested in Intercontinental Exchange Inc (NYSE:ICE). Armstrong Shaw Associates Ct holds 262,120 shares. Meiji Yasuda Asset Mngmt accumulated 13,295 shares.

Intercontinental Exchange (NYSE:ICE) Rating Reaffirmed

The financial firm has just set a price target of $73 on Intercontinental Exchange (NYSE:ICE) shares. This is 10.24 % from the last close price. In a report revealed to investors and clients on Monday, 17 July, Jefferies restate their “Buy” rating on shares of ICE.

Investors sentiment increased to 11.77 in 2016 Q4. Its up 10.76, from 1.01 in 2016Q3. It is positive, as 32 investors sold Intercontinental Exchange Inc shares while 16 reduced holdings. 77 funds opened positions while 488 raised stakes. 1.03 billion shares or 903.33% more from 102.32 million shares in 2016Q3 were reported.

Stralem & owns 463,830 shares. Cap Research Global Invsts holds 0.02% in Intercontinental Exchange Inc (NYSE:ICE) or 1.13 million shares. 147,455 were reported by Daiwa Secs Grp Inc Inc. Bp Public Limited, a United Kingdom-based fund reported 117,500 shares. Pnc Serv owns 212,944 shares. Cibc Ww Corporation stated it has 40,858 shares or 0.02% of all its holdings. 32,613 were accumulated by Gsa Capital Prns Limited Liability Partnership. California Employees Retirement Systems invested in 1.20M shares. Bnp Paribas Arbitrage accumulated 66,081 shares. Louisiana State Employees Retirement System, Louisiana-based fund reported 37,500 shares. Korea Invest holds 0.29% or 1.08M shares in its portfolio. Shell Asset Mgmt Co holds 43,802 shares or 0.07% of its portfolio. Riverhead Capital Management Ltd Liability has 0.17% invested in Intercontinental Exchange Inc (NYSE:ICE). Armstrong Shaw Associates Ct holds 262,120 shares. Meiji Yasuda Asset Mngmt accumulated 13,295 shares.

Intercontinental Exchange Inc (NYSE:ICE) Ratings Coverage

Among 14 analysts covering Intercontinental Exchange (NYSE:ICE), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Intercontinental Exchange has $314 highest and $60 lowest target. $226.64’s average target is 242.25% above currents $66.22 stock price. Intercontinental Exchange had 43 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, April 13 by Wood. JP Morgan upgraded Intercontinental Exchange Inc (NYSE:ICE) rating on Wednesday, June 1. JP Morgan has “Neutral” rating and $284 target. As per Thursday, August 4, the company rating was maintained by UBS. Deutsche Bank maintained it with “Buy” rating and $304 target in Thursday, August 4 report. On Friday, May 20 the stock rating was initiated by Sterne Agee CRT with “Buy”. RBC Capital Markets reinitiated the stock with “Sector Perform” rating in Friday, March 31 report. Jefferies maintained it with “Buy” rating and $7000 target in Monday, June 26 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, May 10 report. The firm earned “Overweight” rating on Tuesday, August 11 by Barclays Capital. RBC Capital Markets maintained Intercontinental Exchange Inc (NYSE:ICE) rating on Tuesday, June 6. RBC Capital Markets has “Hold” rating and $6500 target.

About 1.20M shares traded. Intercontinental Exchange Inc (NYSE:ICE) has risen 13.80% since July 17, 2016 and is uptrending. It has underperformed by 2.90% the S&P500.

Analysts await Intercontinental Exchange Inc (NYSE:ICE) to report earnings on August, 2. They expect $0.75 EPS, up 8.70 % or $0.06 from last year’s $0.69 per share. ICE’s profit will be $435.21 million for 22.07 P/E if the $0.75 EPS becomes a reality. After $0.74 actual EPS reported by Intercontinental Exchange Inc for the previous quarter, Wall Street now forecasts 1.35 % EPS growth.

Intercontinental Exchange, Inc. is an operator of regulated exchanges, clearing houses and listings venues. The company has market cap of $38.43 billion. The Firm provides data services for commodity and financial markets. It has a 25.5 P/E ratio. The Company’s divisions include Trading and Clearing segment, and Data and Listings segment.

More notable recent Intercontinental Exchange Inc (NYSE:ICE) news were published by: Benzinga.com which released: “Pete Najarian Sees Unusual Options Activity In Intercontinental Exchange And …” on July 11, 2017, also Businesswire.com with their article: “Intercontinental Exchange Reports June Statistics; ICE ADV up 29% y/y driven …” published on July 06, 2017, Nasdaq.com published: “Intercontinental Exchange (ICE) on Growth Path: Time to Buy?” on July 13, 2017. More interesting news about Intercontinental Exchange Inc (NYSE:ICE) were released by: Reuters.com and their article: “Exclusive: ICE selected to run LBMA silver auction” published on July 14, 2017 as well as Wsj.com‘s news article titled: “ICE to Supervise LBMA Silver-Price Benchmark” with publication date: July 14, 2017.

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