In a report released today, Ken Worthington from J.P. Morgan maintained a Buy rating on Intercontinental Exchange (NYSE: ICE), with a price target of $92. The company’s shares opened today at $76.54, close to its 52-week high of $78.48.
According to TipRanks.com, Worthington is a 1-star analyst with an average return of -1.2% and a 49.7% success rate. Worthington covers the Financial sector, focusing on stocks such as Gain Capital Holdings, Federated Investors, and Franklin Resources.
Intercontinental Exchange has an analyst consensus of Strong Buy, with a price target consensus of $86.09, implying a 12.5% upside from current levels. In a report issued on October 31, Argus Research also maintained a Buy rating on the stock with a $84 price target.
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Based on Intercontinental Exchange’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.56 billion and net profit of $455 million. In comparison, last year the company earned revenue of $1.43 billion and had a net profit of $369 million.
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Intercontinental Exchange, Inc. engages in the management of online marketplace. It operates through the Trading and Clearing; and Data and Listings segments. The Trading and Clearing segment offers transaction-based executions and clearing activities. The Data and Listings segment includes securities and subscription-based data services.
