Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $301.21 on Intercontinental Exchange Inc. (NYSE:ICE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $13.89 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Intercontinental Exchange Inc. (NYSE:ICE) stands at 22.90.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Intercontinental Exchange Inc. , the PEG ratio for coming 3-5 years is 1.55.
The technical analysis highlights that Intercontinental Exchange Inc. current is trading $9.02 points away or +3.36% from its 50-day moving average of $268.59. Further it is trading $25.03 or +9.91% away its 200-day moving average of $252.58.
The 52-week high of Intercontinental Exchange Inc. (NYSE:ICE) was $283.25 while lowest point recorded in 52-week was $223.49. It implies if stock price makes a movement of over $-5.64, it will record a new 52-week high. In the case of +24.22% drop, it will touch a new 52-week low.
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