IntercontinentalExchange, Inc. (ICE)
by Zacks Equity ResearchApril 02, 2012 | Comments : 0 Recommended this article: (0)
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The company's fourth quarter earnings surpassed the Zacks Consensus Estimate, reflecting momentous performance in its core business, higher volumes and strong expense management that drove the top- and bottom-line along with the margins and cash flow. The company is growing through strategic acquisitions, product novelty and expansion into the globally emerging markets.
In the long run, these factors are expected to consistently deliver strong shareholder value, although some caution is maintained based on the impact of regulations and uncertain industry trends. Our six-month target price of $166.00 equates to about 20.6x our earnings estimate for 2012.
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