Intercontinental Exchange, Inc. (ICE) Trades at $73.18 Forming Bullish Double Top Chart Pattern

April 17, 2018 - By Mary Markley

During 2017 Q4 the big money sentiment increased to 1.28. That’s change of 0.23, from 2017Q3’s 1.05. 33 investors sold all, 214 reduced holdings as Intercontinental Exchange, Inc. ratio is positive. 235 increased positions while 80 funds bought positions. Funds hold 496.95 million shares thus 0.82% less from 2017Q3’s 501.06 million shares.
Highline Management Ltd Partnership holds 6.76% of its capital in Intercontinental Exchange, Inc. (NYSE:ICE) for 2.90 million shs. Strs Ohio reported 998,897 shs. Checchi Capital Advisers Ltd Liability Corporation owns 0.06% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 6,730 shs. Riverhead Cap Mgmt Limited invested in 0.09% or 29,189 shs. Sumitomo Life Communications holds 18,192 shs or 0.16% of its capital. Ibm Retirement Fund stated it has 0.19% of its capital in Intercontinental Exchange, Inc. (NYSE:ICE). Numeric Limited Liability Corporation holds 65,150 shs. 333 were reported by Tci Wealth Advsr Incorporated. Drexel Morgan holds 0.22% or 3,240 shs in its capital. Indiana Trust & Inv Mngmt invested 0.23% of its capital in Intercontinental Exchange, Inc. (NYSE:ICE). 17,990 are held by Cannell Peter B And Communication. Legal And General Grp Incorporated Public Limited Company owns 0.15% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 3.00M shs. The New York-based State Common Retirement Fund has invested 0.15% in Intercontinental Exchange, Inc. (NYSE:ICE). Ingalls & Snyder, a New York-based fund reported 101,000 shs. Voya Limited Liability holds 0.6% or 4.06 million shs.

Intercontinental Exchange, Inc. (ICE) forms a double top chart pattern today and has $75.38 price target or 3.00 % above today’s $73.18 share price. The stock has $42.52 billion market cap. This chart pattern was reported on Apr, 17 by Finviz.com. At $75.38 price target, the company’s valuation could be $1.28 billion more.

Its shares touched $73.18 on during the last trading session after 0.88% change.Currently Intercontinental Exchange, Inc. is uptrending after 20.88% change in last April 17, 2017. ICE has 2.74 million shares volume. The stock outperformed the S&P 500 by 9.33%.

Analysts await Intercontinental Exchange, Inc. (NYSE:ICE) to report earnings on May, 2. They expect $0.88 EPS, up 18.92 % or $0.14 from last year’s $0.74 per share. ICE’s profit will be $511.26M for 20.79 P/E if the $0.88 EPS becomes a reality. After $0.73 actual EPS reported by Intercontinental Exchange, Inc. for the previous quarter, Wall Street now forecasts 20.55 % EPS growth.

Intercontinental Exchange, Inc. (NYSE:ICE) Ratings Coverage

Total analysts of 11 have positions in Intercontinental Exchange (NYSE:ICE) as follows: 10 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 91%. The firm has $90 highest while $74.0 is the lowest [Target]. The average target $83 is 13.42% above the last ($73.18) price. Since October 19, 2017 according to StockzIntelligence Inc Intercontinental Exchange has 15 analyst reports. On Friday, April 6 the firm has “Buy” rating given by Deutsche Bank. On Tuesday, February 20 the rating was upgraded by J.P. Morgan to “Buy”. On Thursday, December 21 Keefe Bruyette & Woods maintained Intercontinental Exchange, Inc. (NYSE:ICE) rating. Keefe Bruyette & Woods has “Buy” rating and $81.5 target. In Friday, November 3 report Citigroup maintained the stock with “Neutral” rating. On Thursday, February 8 the stock of Intercontinental Exchange, Inc. (NYSE:ICE) earned “Buy” rating by Bank of America. On Tuesday, February 20 the rating was upgraded by JP Morgan to “Overweight”. In Thursday, October 19 report Citigroup maintained the stock with “Neutral” rating. On Tuesday, January 16 the stock of Intercontinental Exchange, Inc. (NYSE:ICE) earned “Buy” rating by Jefferies. On Friday, November 3 UBS maintained Intercontinental Exchange, Inc. (NYSE:ICE) with “Buy” rating. On Wednesday, April 11 the rating was maintained by Keefe Bruyette & Woods with “Buy”.

Intercontinental Exchange, Inc. (NYSE:ICE) Institutional Investors Chart

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