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TheStreet Wire

IntercontinentalExchange Reaches New 52-Week High (ICE)

By TheStreet Wire 03/09/12 - 12:13 PM EST

Find out if (ICE) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- IntercontinentalExchange (NYSE:ICE) hit a new 52-week high Friday as it is currently trading at $142.16, above its previous 52-week high of $141.90 with 165,128 shares traded as of 11:50 a.m. ET. Average volume has been 714,700 shares over the past 30 days.

IntercontinentalExchange has a market cap of $8.64 billion and is part of the financial sector and financial services industry. Shares are up 15.9% year to date as of the close of trading on Thursday.

IntercontinentalExchange, Inc. operates regulated exchanges, clearing houses, and over-the-counter (OTC) markets for agricultural, credit, currency, emissions, energy, and equity index contracts. The company has a P/E ratio of 23.6, above the average financial services industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full IntercontinentalExchange Ratings Report.

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