ICE stock: buy or sell?
Updated on:
September 20th, 2019
4
Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada.
Should I buy ICE stock?
You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading strategy that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.None of our preferred buy setups matches with Intercontinental Exchange stock situation right now, therefore this is not a suitable entry point.
| Buy setup | Elegible |
|---|---|
| New all-time high | No |
| New 52 week high | No |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is Intercontinental Exchange stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.
At Stocks2.com, we detected 9 ratings published for ICE stock in the last 30 days. The general sentiment of these ratings is bullish for ICE stock, with 7 positive ratings.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-9-18 | JPMorgan Chase & Co. | n/a | Overweight |
| 2019-9-16 | FIX | n/a | Outperform |
| 2019-7-5 | Raymond James | n/a | Outperform |
| 2019-7-22 | Citigroup | Buy | Neutral |
| 2019-4-4 | Wells Fargo & Co | Market Perform | Market Perform |
| 2019-3-15 | Deutsche Bank | Buy | Buy |
| 2019-2-11 | Keefe, Bruyette & Woods | n/a | Buy |
| 2019-1-4 | Goldman Sachs Group | Conviction-Buy | Buy |
| 2019-1-22 | Citigroup | Neutral | Buy |
ICE stock analysis
Daily outlook
After climbing for 4 sessions, Friday Intercontinental Exchange slightly fell a tragic -1.26%, closing at $92.35.
After climbing for 4 days, Friday Intercontinental Exchange slightly fell a tragic -1.26%, closing at $92.35. Since Monday when ICE stock price broke up the SMA50d line, it gained $1.52 (1.67%). On September/9, ICE hit new all time highs, pushing higher previous ATH of $95.23 recorded on Sep 6th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Weekly outlook
Intercontinental Exchange shares raised 1.67% this week, ending at $92.35.
Intercontinental Exchange stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Intercontinental Exchange marked last week. Since late March when ICE stock price broke up the SMA40w line, it gained $20.04 (27.71%).
ICE stock price history
ICE stock went public on November 16th, 2005 with a price of $6.151. Since then, ICE stock surged a 1,401.60%, with a yearly average of 107.80%. If you had invested right after ICE's IPO a $1,000 in ICE stock in 2005, it would worth $14,016.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ICE stock historical price chart
ICE stock reached all-time highs on Sep/9 with a price of $95.26.
ICE stock price target is $91.50
How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 7 price predictions for ICE stock released in the last 30 days:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-9-18 | JPMorgan Chase & Co. | Raises Target | $97.00 | $98.00 | 1% |
| 2019-9-16 | FIX | Initiates | n/a | $100.00 | - |
| 2019-7-5 | Raymond James | Raises Target | $89.00 | $94.00 | 5.6% |
| 2019-7-22 | Citigroup | Downgrades | $92.00 | $99.00 | 7.6% |
| 2019-4-4 | Wells Fargo & Co | Raises Target | $79.00 | $81.00 | 2.5% |
| 2019-3-15 | Deutsche Bank | Lowers Target | $84.00 | $83.00 | -1.2% |
| 2019-2-11 | Keefe, Bruyette & Woods | Reiterates | n/a | $85.50 | - |
| (in average) | $88.20 | $91.50 | 4.0% |
Financials and fundamental analysis
Earnings date and Earnings per Share
Since May, when Intercontinental Exchange posted its last earnings report, it climbed a cool 15.19%. As soon as we get its posted EPS from the earnings report, we will update this report.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q1 | - | n/a | n/a | n/a |
| 2017-Q2 | - | n/a | n/a | n/a |
| 2017-Q3 | - | n/a | n/a | n/a |
| 2017-Q4 | - | n/a | n/a | n/a |
| 2018-Q1 | 2018-05-03 | 0.88 | 0.9 | 2.3% |
| 2018-Q2 | 2018-08-02 | 0.89 | 0.9 | 1.1% |
| 2018-Q3 | 2018-10-31 | 0.8 | 0.85 | 6.2% |
| 2018-Q4 | 2019-02-07 | 0.92 | 0.94 | 2.2% |
| 2019-Q1 | 2019-05-02 | 0.91 | n/a | n/a |
| 2019-Q2 | - | n/a | n/a | n/a |
Annual financial results
In 2018, Intercontinental Exchange annual revenues escalated a great 7.41% to $6,276.00 M dollars from $5,843.00 marked in 2017. By contrast, its earnings margin (compared to sales) plummed to 31.68%, that is $1,988.00 million. To have an up to date picture of the financial situation of Intercontinental Exchange, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Intercontinental Exchange TTM sales up to were $4,696.00 and earnings were $1,524.00 million USD. When comparing this TTM figures with the last reported annuality, we can review Intercontinental Exchange business evolution since December 2018: Annual sales up to , compared to lastest yearly report, plunged a spooky -25.18%. However, profit margin (net income/sales) stayed steady at 31.68%.| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2010 | $1,150 M | - | $398 M34.6% | - |
| 2011 | $1,327 M | 15.44% | $510 M38.4% | 28.14% |
| 2012 | $1,363 M | 2.67% | $552 M40.5% | 8.22% |
| 2013 | $1,800 M | 32.07% | $254 M14.1% | -53.95% |
| 2014 | $4,221 M | 134.50% | $981 M23.2% | 286.22% |
| 2015 | $4,682 M | 10.92% | $1,274 M27.2% | 29.87% |
| 2016 | $5,958 M | 27.25% | $1,422 M23.9% | 11.62% |
| 2017 | $5,843 M | -1.93% | $2,526 M43.2% | 77.64% |
| 2018 | $6,276 M | 7.41% | $1,988 M31.7% | -21.30% |
| TTM | $4,696 M | -25.18% | $1,524 M32.5% | -23.34% |
Quarterly financial results
Intercontinental Exchange posted million in sales for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked M with a profit margin of . Profit margin stayed constant a 0.00% compared to previous quarter when profit margin was 36.43%. When comparing turnover to same quarter last year, Intercontinental Exchange sales marked a chilling slide and collapsed a -100.00%.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q1 | $1,650 M | - | $502 M30.4% | - |
| 2017-Q2 | $1,490 M | -9.70% | $418 M28.1% | -16.73% |
| 2017-Q3 | $1,432 M | -3.89% | $369 M25.8% | -11.72% |
| 2017-Q4 | $1,432 M | 0.00% | $1,221 M85.3% | 230.89% |
| 2018-Q1 | $1,580 M | 10.34% | $464 M29.4% | -62.00% |
| 2018-Q2 | $1,556 M | -1.52% | $455 M29.2% | -1.94% |
| 2018-Q3 | $1,463 M | -5.98% | $458 M31.3% | 0.66% |
| 2018-Q4 | $1,677 M | 14.63% | $611 M36.4% | 33.41% |
Intercontinental Exchange ownership
When you are planning to invest in a company, it's always worth to review its ownership structure.Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Intercontinental Exchange, 93.23% of all outstanding shares are owned by its staff.
In case of Intercontinental Exchange stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ICE stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related companies:
| ICE | CBOE | CME | NDAQ | |
|---|---|---|---|---|
| Market cap | $51.8 B | $13.0 B | $75.6 B | $16.7 B |
| Total shares | 560.4 M | 111.7 M | 358.1 M | 164.7 M |
| Float shares | 553.8 M | 110.5 M | 349.0 M | 115.0 M |
| - Institutional holdings (%) | 0.0% | 83.2% | 87.9% | 81.9% |
| - Insider holdings (%) | 93.2% | 0.9% | 1.6% | 18.4% |
| Shares in short selling | 0.0% | 0.0% | 0.0% | 0.0% |
ICE summary
| Friday, September 20th, 2019 | |
|---|---|
| Open | $93.86 |
| Close | $92.35 |
| Day range | $92.07 - $94.19 |
| Previous close | $93.53 |
| Session gain | -1.26% |
| Average true range | $1.97 |
| 50d mov avg | $91.19 |
| 100d mov avg | $87.41 |
| 200d mov avg | $81.33 |
| Daily pattern | lt02a |
| Weekly pattern | lt06a |
Intercontinental Exchange performance
Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Intercontinental Exchange against Cboe Global Markets, CME and Nasdaq in the following table:| Stock | 3m | 6m | 12m |
|---|---|---|---|
| ICEIntercontinental ... | 6.75% | 27.71% | 20.23% |
| CBOECboe Global Marke... | 9.51% | 22.48% | 9.78% |
| CME | 7.29% | 30.21% | 23.60% |
| NDAQNasdaq | 3.95% | 22.39% | 14.56% |
Intercontinental Exchange competitors
One check before investing in any stock is to have a look a list of its competitors, in this case for Intercontinental Exchange. We chose 3 companies as Intercontinental Exchange competitors as they are in the same industry or have similar market objectives.Latest ICE stock news
- InvestorPlace3 Big Stock Charts for Thursday: H & R Block, Western Digital and Intercontinental ExchangeFebruary 21, 2019
- InvestorPlace3 Big Stock Charts for Tuesday: Microsoft, Medtronic and Intercontinental ExchangeJanuary 8, 2019
- Seeking AlphaOwn The Stock Market: Intercontinental ExchangeDecember 26, 2018
- InvestorPlace3 Big Stock Charts for Wednesday: A.O. Smith, Mastercard and Intercontinental ExchangeOctober 31, 2018
- InvestorPlace3 Big Stock Charts for Friday: Thermo Fisher Scientific, Intuit and Intercontinental ExchangeJune 22, 2018