Loading...
Loading...
Compass Point initiated coverage on IntercontinentalExchange, Inc.
ICE with a Buy rating and a $150.00 price target.
Compass Point commented, "The company's collection of assets and track record of growth is impressive. Over the 2007-2011 period compound annual growth was 23% on the top line, 20% in terms of net profits attributable to common shareholders, and 25% in terms of operating cash flow. … The NYSE Euronext acquisition makes ICE the world's #3 global derivatives exchange. The successful CDS venture demonstrates management can execute. We forecast FY'13 EPS of $9.65 assuming the NYX transaction closes at the start of 3Q'13 implying total earnings growth of 27% on the year of which 13% is attributable to NYX."
Intercontinental Exchange closed at $127.18 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in