UBS Maintains a 'Buy' on IntercontinentalExchange (ICE); Best-in-Class Growth Continues in 2012
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Price: $154.73 -0.33%
Rating Summary:
23 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
23 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on IntercontinentalExchange (NYSE: ICE) price target raised from $145 to $152.
UBS analyst says, "ICE was up significantly yesterday following 4Q11 results. While we believe the company’s solid guidance (limited expense growth, lower taxes) and very strong results in the company’s OTC energy business in January were the primary drivers for the stock, we also think the company did a good job of demonstrating why it should continue to deliver peer-group-leading growth in the medium term. At 16x estimated FY12 EPS, ICE is trading at only a slight premium to blue chip CME, which makes the stock attractive both on a relative and absolute basis."
UBS raises FY12 EPS estimate from $7.85 to $8.20 and FY13 from $8.95 to $9.20.
For an analyst ratings summary and ratings history on IntercontinentalExchange click here. For more ratings news on IntercontinentalExchange click here.
Shares of IntercontinentalExchange closed at $130.08 yesterday.
UBS analyst says, "ICE was up significantly yesterday following 4Q11 results. While we believe the company’s solid guidance (limited expense growth, lower taxes) and very strong results in the company’s OTC energy business in January were the primary drivers for the stock, we also think the company did a good job of demonstrating why it should continue to deliver peer-group-leading growth in the medium term. At 16x estimated FY12 EPS, ICE is trading at only a slight premium to blue chip CME, which makes the stock attractive both on a relative and absolute basis."
UBS raises FY12 EPS estimate from $7.85 to $8.20 and FY13 from $8.95 to $9.20.
For an analyst ratings summary and ratings history on IntercontinentalExchange click here. For more ratings news on IntercontinentalExchange click here.
Shares of IntercontinentalExchange closed at $130.08 yesterday.
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