ICE stock: buy or sell?
Updated on:
July 16th, 2019
5
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?
Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.These 2 buy setups match with Intercontinental Exchange stock right now:
| Buy setup | Elegible |
|---|---|
| New all-time high | Yes |
| New 52 week high | Yes |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is Intercontinental Exchange stock a buy?
Financial institutions and banks post stock ratings everyday.
At Stocks2.com, we gathered 6 ratings published for ICE stock in the last month. The general sentiment of these ratings is bullish for ICE stock, with 5 positive ratings.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-7-5 | Raymond James | n/a | Outperform |
| 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 marking all time highs today, Intercontinental Exchange remained steady -0.14% to $91.76.
After topping to all time highs today, Intercontinental Exchange remained stable -0.14% today to $91.76. Since March when ICE stock price broke up the SMA200d line, it gained $17.23 (23.12%). ICE shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on June 26th, ICE climbed unceasignly breaking out to new all time highs. Since last April when SMA50d and SMA100d crossed up, ICE price gained $11.52 per share (14.36%).
Weekly outlook
Intercontinental Exchange shares remained steady 0.23% this week and marked a new all time high at $92.31. With this, it's been 3 climbing weeks in a row, soaring a 6.71%.
Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $81.73 resistance. Since late March when ICE stock price broke up the SMA40w line, it gained $19.23 (26.51%).
ICE stock price history
ICE IPO was on November 16th, 2005 at $7.19 per share1. Since then, ICE stock surged a 1,176.20%, with a yearly average of 90.50%. If you had invested $1,000 in ICE stock in 2005, it would worth $11,762.00 today.
1: Adjusted price after possible price splits or reverse-splits.
ICE stock historical price chart
ICE stock reached all-time highs today with a price of $92.31.
ICE stock price target is $85.90
How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 4 price targets for ICE stock published in the last month:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-7-5 | Raymond James | Raises Target | $89.00 | $94.00 | 5.6% |
| 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) | $84.00 | $85.90 | 2.0% |
Financials and fundamental analysis
Earnings date and Earnings per Share
After publishing its last earnings report on May, Intercontinental Exchange climbed a phenomenal 14.12%. As soon as we get its posted EPS from the earnings report, we will update this review.| 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 sales escalated a remarkable 7.41% to $6,276.00 million USD from $5,843.00 marked in 2017. By contrast, its profit margin (compared to revenues) collapsed to 31.68%, that is $1,988.00 million. To have an up to date view 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 M USD. If we compare this TTM figures with the last reported annuality, we can esteem Intercontinental Exchange business evolution since December 2018: Annual revenues up to , compared to lastest yearly report, plunged a dreadful -25.18%. Nevertheless, profit margin (net income/sales) stayed constant 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 reported million in sales for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin stayed steady 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 frightening loss and plummed 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 stock, it's always worth to review its ownership structure.Intercontinental Exchange shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 93.23% of all shares.
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 context understanding, the next table shows ownership data compared to other related companies:
| ICE | CBOE | CME | NDAQ | |
|---|---|---|---|---|
| Market cap | $51.7 B | $0.0 M | $72.8 B | $17.3 B |
| Total shares | 563.9 M | 0.0 M | 358.0 M | 165.7 M |
| Float shares | 557.5 M | 0.0 M | 348.9 M | 116.1 M |
| - Institutional holdings (%) | 0.0% | 0.0% | 87.9% | 81.9% |
| - Insider holdings (%) | 93.2% | 0.0% | 1.6% | 18.4% |
| Shares in short selling | 0.0% | 0.0% | 0.0% | 0.0% |
ICE summary
| Tuesday, July 16th, 2019 | |
|---|---|
| Open | $91.96 |
| Close | $91.76 |
| Day range | $91.29 - $92.31 |
| Previous close | $91.89 |
| Session gain | -0.14% |
| Average true range | $1.10 |
| 50d mov avg | $84.59 |
| 100d mov avg | $80.48 |
| 200d mov avg | $77.96 |
| Daily pattern | lb03c |
| Weekly pattern | lb02c |
Intercontinental Exchange performance
To measure stock performance is always good to benchmark with competitors or related stocks. We selected Cboe Global Markets, CME and Nasdaq as the bechmarking frame for Intercontinental Exchange stock.| Stock | 3m | 6m | 12m |
|---|---|---|---|
| ICEIntercontinental ... | 15.28% | 22.17% | 22.64% |
| CBOECboe Global Marke... | 12.97% | 20.71% | 10.37% |
| CME | 15.81% | 11.83% | 23.51% |
| NDAQNasdaq | 16.38% | 26.63% | 11.92% |
Intercontinental Exchange competitors
One check before investing in any stock is to review a list of its competitors, in this case for Intercontinental Exchange. We picked 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