How to Buy Intercontinental Exchange Stock
Intercontinental Exchange Inc
Intercontinental Exchange is a financial datum & stock exchange company located in Georgia, United States, which is part of the Financial Services sector, and is traded under the ticker ICE on the NYSE exchange.
Intercontinental Exchange stock last closed at $130.98, up 0.18% from the previous day, and has increased 21.85% in one year. It has overperformed other stocks in the Financial Data & Stock Exchanges industry by 0.06 percentage points. Intercontinental Exchange stock is currently +26.17% from its 52-week low of $103.81, and -6.73% from its 52-week high of $140.43.
As of Apr 18, 2024, there are 572.62M ICE shares outstanding. The market capitalization of ICE is $75.00B. In the past 24 hours, 1.86M ICE shares were traded.
How to Buy Intercontinental Exchange Stock
Wondering how to invest in Intercontinental Exchange stock? Here's how.
- Decide where to buy Intercontinental Exchange stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Intercontinental Exchange stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your method of payment and add your info.
- Evaluate Intercontinental Exchange stock: The Intercontinental Exchange ticker symbol is ICE. Is Intercontinental Exchange stock a good investment? Should you buy shares of ICE? How do ICE's underlying business fundamentals look? Do top analysts think Intercontinental Exchange is a good buy? Why has ICE's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if ICE is a good stock to buy).
- Place your ICE purchase: Decide if you will purchase ICE shares at the current market price or use a limit order to buy ICE stock at a specific price.
- Get key alerts regarding your ICE position: Create a watchlist to monitor your new investment in Intercontinental Exchange stock.
Step 1: Decide where to buy Intercontinental Exchange stock
You need a brokerage account to access the NYSE market and buy ICE shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you can invest in ICE stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
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Step 3: Deposit funds into your brokerage account
Now that you have created your account on the highest rated stock app, you need to deposit funds:
Check out the tutorial below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Intercontinental Exchange stock
Once you have decided on the best place to buy Intercontinental Exchange stock, it's absolutely critical to research their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.
Intercontinental Exchange shares data
Intercontinental Exchange Due Diligence Checks
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on ICE's stock page.
Is ICE stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge ICE's fair value.
Using relative valuations methods:
- ICE could be undervalued based on its P/E ratio of 31.19x, relative to Financial Data & Stock Exchanges industry P/E ratio of 88.12x
- ICE may be undervalued based on its P/B ratio of 2.92x, relative to Financial Data & Stock Exchanges industry P/B ratio of 4.52x
- ICE may be overvalued based on its PEG ratio of 1.42x
You can access more valuation analysis on ICE's stock here.
ICE Financials at a glance
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the ICE balance sheet.
- Total ICE debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the ICE balance sheet.
- ICE profit margin has gone up from 15% to 23.9% in the past year.
Failed Financial Due Diligence Checks:
- ICE's operating cash flow of $3.54B allows it to safely service it's debt of $22.91B.
- ICE has a relatively high debt to equity ratio of 4.29.
- ICE earnings of $3.63B is not sufficient to cover its interest payments.
Is ICE stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Wall Street analysts who give recommendations on ICE, the consensus analyst rating on Intercontinental Exchange is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Latest ICE Analyst Recommendations
Patrick Moley, a top 21% analyst from Piper Sandler maintains ICE with a strong buy rating and raises their ICE price target from $135.00 to $149.00, on Feb 12, 2024.
Kenneth Worthington, a top 20% analyst from JP Morgan maintains ICE with a strong buy rating and raises their ICE price target from $142.00 to $151.00, on Feb 9, 2024.
Andrew Bond, a top 14% analyst from Rosenblatt maintains ICE with a strong buy rating and raises their ICE price target from $154.00 to $164.00, on Feb 9, 2024.
Rosenblatt's Andrew Bond raised their price target on Intercontinental Exchange (NYSE: ICE) by 6.5% from $154 to $164 on 2024/02/09. The analyst maintained their Strong Buy rating on the stock.
Intercontinental Exchange "closed out another record year" by beating consensus projections, Bond said to sum up the company's Q4 and FY 2023 earnings result released on 2024/02/08.
Given the increase in futures trade volume YTDr, the analyst predicted "more of the same in 2024."
In response to improved volume projections, Rosenblatt increased its FY 2024 and 2025 EPS estimates by 2%, Bond reported.
Earnings Report
ntercontinental Exchange reported:
For Q4 2023:
- EPS of $1.33, which beat the Zacks Consensus Estimate by 3.1% and, by 6.4%, Q4 2022’s $1.25,
- Revenue of $2.2B, which beat the Zacks Consensus Estimate by 0.67% and, by 25%, Q4 2022’s $1.77B.
- Operating expense of $952M.
For FY 2023:
- EPS of $5.62, up 6% Y/Y.
- Revenue of $8B, up 10% Y/Y.
- Exchange segment recurring revenue of $1.43B, up 3% Y/Y
- Fixed income and data services segment recurring revenue of $1.7B, up 4% Y/Y.
- Mortgage technology segment recurring revenue of $961M, up 50% Y/Y.
- Operating expense of $3.3B.
- Capex of $190M.
Management guided:
For Q1 2024:
- Operating expense of $930M to $940M.
- Non-operating expense of $215M to $220M.
For FY 2024:
- Low-single digits exchange segment recurring revenue growth.
- Mid-single digits fixed income & data services segment recurring revenue growth.
- Low-to-mid single-digit mortgage technology segment recurring revenue growth.
- Operating expense of $3.81B to $3.86B.
- Capex of $600M to $650M.
Chairman & CEO Jeffrey C. Sprecher commented: "We are pleased to report our 18th consecutive year of record revenues and another year of earnings per share growth.
“A dynamic macro environment and strong secular tailwinds across our business continue to drive customers to our diverse, liquid markets and our mission-critical data and SaaS technologies to manage risk and capture efficiencies.
“As we look to 2024 and beyond, we remain focused on innovating across asset classes to serve the needs of our customers and deliver growth for our stockholders."
You can dig deeper into what analysts are forecasting on the Intercontinental Exchange stock forecast page.
ICE Technical Indicators
ICE Earnings
Last year, ICE earnings were $2.37B. During the past five year, ICE's earnings have increased by 3.95% per year. This was faster than the Financial Data & Stock Exchanges industry average of -2.94%.
Last year, ICE revenue was $9.90B. During the last 5 year, ICE's revenue has grown by 9.55% per year. This was slower than the Financial Data & Stock Exchanges industry average of 14.35%.
You can analyze ICE's earnings and revenue performance here.
Latest Insiders Trades at ICE
In the past 12 months, insiders at ICE have sold more shares than they have bought.
Jeffrey C. Sprecher, Chief Executive Officer of ICE, was the latest ICE insider to sell. They sold $796,059.87 worth of ICE stock on Apr 3, 2024.
Get more info about who owns ICE shares here.
Can I get consistent income from ICE stock?
Intercontinental Exchange pays a dividend of 1.31%, compared to the Financial Data & Stock Exchanges industry's average dividend yield of 1.44%. If you owned $1,000 of ICE stock, you would have been paid $13.06 in the past year.
Intercontinental Exchange dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Intercontinental Exchange dividend yield and history here.
What others are saying about ICE
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your ICE purchase
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, use a limit order.
Hit the Open button and your broker will execute the order.
If you want additional info about investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your ICE position
Now that you own some ICE stock, you'll want to keep up with your company.
Create a watchlist to get notified of important updates regarding your ICE stock.
ICE Feed
How to Buy Stock in Intercontinental Exchange
To summarize, here are the 6 steps to buy stock in Intercontinental Exchange:
- Decide where to buy Intercontinental Exchange stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Evaluate Intercontinental Exchange stock
- Place your ICE purchase
- Get key alerts regarding your ICE position
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Intercontinental Exchange, create a watchlist on WallStreetZen today.
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