New Lifetime High Today: IntercontinentalExchange (ICE)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified IntercontinentalExchange ( ICE) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified IntercontinentalExchange as such a stock due to the following factors:

  • ICE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $136.4 million.
  • ICE has traded 695,517 shares today.
  • ICE is trading at a new lifetime high.

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More details on ICE:

IntercontinentalExchange, Inc. operates regulated global markets and clearing houses primarily in the United States, the United Kingdom, Canada, and Brazil. Currently there are 11 analysts that rate IntercontinentalExchange a buy, 1 analyst rates it a sell, and 1 rates it a hold.

The average volume for IntercontinentalExchange has been 597,900 shares per day over the past 30 days. The stock has a beta of 0.92 and a short float of 18.1% with 18.91 days to cover. Shares are up 57.8% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:
  • Since the same quarter one year prior, revenues slightly increased by 5.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has increased to $231.57 million or 28.70% when compared to the same quarter last year.
  • The net income increased by 7.1% when compared to the same quarter one year prior, going from $143.16 million to $153.32 million.
  • Compared to where it was trading one year ago, ICE is up 47.12% to its most recent closing price of 192.73. Looking ahead, although the push and pull of a bull or bear market could certainly alter the outcome, our view is that this stock's positive fundamentals give it good potential for further appreciation.
  • INTERCONTINENTALEXCHANGE INC has improved earnings per share by 7.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, INTERCONTINENTALEXCHANGE INC increased its bottom line by earning $7.52 versus $6.91 in the prior year. This year, the market expects an improvement in earnings ($8.06 versus $7.52).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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