Intercontinental Exchange Inc. (NYSE:ICE) has a mean price target of $301.43 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $3.44 a share for the very next quarter and $13.86 for this year.
The technical study of Intercontinental Exchange Inc. demonstrates that the 50-day moving average of Intercontinental Exchange Inc. (NYSE:ICE) stock is $276.24, and is trading $5.52 points away or +2.00% from 50-day moving average of $276.24. It is trading $25.90 or +10.12% away 200-day moving average of $255.86.
The 52-week high of Intercontinental Exchange Inc. (NYSE:ICE) was $287.02 while $223.49 is the low mark in the same period. It state Intercontinental Exchange Inc. share price has to surge more than $-5.26 to hit 52-week high or drop +26.07% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Intercontinental Exchange Inc. , investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Intercontinental Exchange Inc. (NYSE:ICE) ratio came in at 23.25, after dividing current equity price by yearly earnings. Intercontinental Exchange Inc. stock recorded a close of $281.76 in last trading session, registering a market cap of $32.42B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Intercontinental Exchange Inc. (NYSE:ICE) PEG ratio is at 1.58.
1 Chart Pattern Every Investor Should Know
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