The stock price of Intercontinental Exchange Inc (NYSE: ICE) has dropped by -0.29 compared to previous close of 166.83. Despite this, the company has seen a gain of 1.19% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-12 that In today’s market, focusing on dependable dividend stocks is essential. They offer consistent income, making them attractive in any economic climate. This article highlights two standout stocks that align with a strong dividend growth strategy. Both demonstrate resilience and promise for future gains. Investing in these stocks can enhance your portfolio, providing financial security and the potential for wealth accumulation over time.
Is It Worth Investing in Intercontinental Exchange Inc (NYSE: ICE) Right Now?
The price-to-earnings ratio for Intercontinental Exchange Inc (NYSE: ICE) is 41.17x, which is above its average ratio. Moreover, the 36-month beta value for ICE is 1.09. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ICE is 569.47M and currently, short sellers hold a 0.99% of that float. On October 22, 2024, ICE’s average trading volume was 2.66M shares.
ICE’s Market Performance
The stock of Intercontinental Exchange Inc (ICE) has seen a 1.19% increase in the past week, with a 4.07% rise in the past month, and a 11.96% gain in the past quarter. The volatility ratio for the week is 1.16%, and the volatility levels for the past 30 days are at 1.27% for ICE. The simple moving average for the past 20 days is 2.59% for ICE’s stock, with a 16.71% simple moving average for the past 200 days.
Analysts’ Opinion of ICE
Many brokerage firms have already submitted their reports for ICE stocks, with Raymond James repeating the rating for ICE by listing it as a “Outperform.” The predicted price for ICE in the upcoming period, according to Raymond James is $185 based on the research report published on October 14, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see ICE reach a price target of $200. The rating they have provided for ICE stocks is “Outperform” according to the report published on September 27th, 2024.
TD Cowen gave a rating of “Buy” to ICE, setting the target price at $182 in the report published on September 26th of the current year.
ICE Trading at 3.54% from the 50-Day Moving Average
After a stumble in the market that brought ICE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.53% of loss for the given period.
Volatility was left at 1.27%, however, over the last 30 days, the volatility rate increased by 1.16%, as shares surge +3.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.96% upper at present.
During the last 5 trading sessions, ICE rose by +1.19%, which changed the moving average for the period of 200-days by +32.42% in comparison to the 20-day moving average, which settled at $162.15. In addition, Intercontinental Exchange Inc saw 29.52% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ICE starting from Surdykowski Andrew J, who sale 2,048 shares at the price of $159.57 back on Sep 26 ’24. After this action, Surdykowski Andrew J now owns 44,865 shares of Intercontinental Exchange Inc, valued at $326,799 using the latest closing price.
ANDREW SURDYKOWSKI, the Officer of Intercontinental Exchange Inc, proposed sale 2,213 shares at $158.12 during a trade that took place back on Sep 27 ’24, which means that ANDREW SURDYKOWSKI is holding shares at $349,920 based on the most recent closing price.
Stock Fundamentals for ICE
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.64 for the gross margin
The net margin for Intercontinental Exchange Inc stands at 0.22. The total capital return value is set at 0.08. Equity return is now at value 9.16, with 1.69 for asset returns.
Based on Intercontinental Exchange Inc (ICE), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 4.24.
Currently, EBITDA for the company is 5.19 billion with net debt to EBITDA at 3.63. When we switch over and look at the enterprise to sales, we see a ratio of 10.91. The receivables turnover for the company is 6.84for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To wrap up, the performance of Intercontinental Exchange Inc (ICE) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
