Intercontinental Exchange, Inc. (NYSE:ICE) Analyst’s Long Term Pick

Intercontinental Exchange, Inc. (NYSE:ICE) has been recommended as a long term growth stock according to analysts at Beta Research.  With their stock price currently trading around $67.30, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 11.50% earnings per share growth over the past 5 years and 27.60% revenue growth over that same time frame. 

Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time.  A “buy-and-hold” investor will consider long-term growth as a longer time period then a day trader will. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same.  

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Intercontinental Exchange, Inc. (NYSE:ICE)’s stock was 19.28%.  Over the last week of the month, it was 2.62%, 1.88% over the last quarter, and  15.89% for the past six months. 

Over the past 50 days, Intercontinental Exchange, Inc.’s stock is -5.53% off of the high and 5.27% removed from the low.  Their 52-Week High and Low are as follows: -5.53% (High), 24.84%, (Low). 

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $75.71 on the equity.   Analysts have a consensus recommendation of 2.00 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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