Jefferies Boosts Numbers on IntercontinentalExchange (ICE) Ahead of Q1 Results
Tweet
Share
E-mailGet Alerts ICE Hot Sheet
Price: $158.61 +0.87%
Rating Summary:
23 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Rating Summary:
23 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 4 | New: 11
Join SI Premium – FREE
Jefferies boosted its price target on IntercontinentalExchange (NYSE: ICE) from $150 to $160 ahead of Q1 results and adjusted estimates.
The firm comments, "Yesterday ICE released its trading metrics for March and 1Q. OTC energy average daily commissions were a record $1.95M while CDS activity remained modest, generating $40M in revenues. Despite strong trading activity for most of the quarter, we are modestly decreasing our 1Q EPS estimate by $0.03 to $2.05 as futures volumes moderated in the latter half of March."
Q1 EPS goes down from $2.05 to $2.02, FY12 EPS goes up from $8.10 to $8.20 and FY13 goes up from $8.81 to $9.05.
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 $137.63 yesterday.
The firm comments, "Yesterday ICE released its trading metrics for March and 1Q. OTC energy average daily commissions were a record $1.95M while CDS activity remained modest, generating $40M in revenues. Despite strong trading activity for most of the quarter, we are modestly decreasing our 1Q EPS estimate by $0.03 to $2.05 as futures volumes moderated in the latter half of March."
Q1 EPS goes down from $2.05 to $2.02, FY12 EPS goes up from $8.10 to $8.20 and FY13 goes up from $8.81 to $9.05.
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 $137.63 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Gerdau S.A. (GGBR4:BZ) (GGB) to Hold
- Canaccord Downgrades Northern Star Resources (NST:AU) (NESRF) to Hold
- RBC Capital Assumes Pepper Money Ltd (PPM:AU) at Sector Perform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
