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What the IntercontinentalExchange Upgrade Means for Mutual Fund Investors (ICE)

Shauna O'Brien

|

Intercontinentalexchange logo
Credit Suisse boosted its price target on IntercontinentalExchange (ICE) on Wednesday morning. Here’s what the move means for mutual fund investors.

Inside the Analyst Move

Credit Suisse has maintained its “Outperform” rating on ICE and has boosted its price target from $225 to $245. This new price target suggests a 13% upside from the stock’s current price.

According to the firm, strong earnings are expected in 2015, despite the lag in 2014.

Good Pick for Exposure to Exchanges

IntercontinentalExchange is a combination of various exchanges including the NYSE and Euronext. For investors seeking exposure to financial marketplaces, ICE may be one of the best choices. On a valuation basis, the stock is fairly valued at just 18x 2015 earnings estimates.

Mutual Funds to Watch

Investors interested in ICE may be interested in the funds listed below. These funds currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.68%
VFINX Vanguard 500 Index 1.08%
PRGFX T. Rowe Price Growth Stock 1.14%

The Bottom Line

The funds above allow investors to gain exposure to ICE while remaining diversified. Investors interested in ICE may also be interested in NASDAQ (NDAQ) and CME Group (CME).

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Popular Articles

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Intercontinentalexchange logo

What the IntercontinentalExchange Upgrade Means for Mutual Fund Investors (ICE)

Shauna O'Brien

|

Credit Suisse boosted its price target on IntercontinentalExchange (ICE) on Wednesday morning. Here’s what the move means for mutual fund investors.

Inside the Analyst Move

Credit Suisse has maintained its “Outperform” rating on ICE and has boosted its price target from $225 to $245. This new price target suggests a 13% upside from the stock’s current price.

According to the firm, strong earnings are expected in 2015, despite the lag in 2014.

Good Pick for Exposure to Exchanges

IntercontinentalExchange is a combination of various exchanges including the NYSE and Euronext. For investors seeking exposure to financial marketplaces, ICE may be one of the best choices. On a valuation basis, the stock is fairly valued at just 18x 2015 earnings estimates.

Mutual Funds to Watch

Investors interested in ICE may be interested in the funds listed below. These funds currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
VTSMX Vanguard Total Stock Market Index 1.68%
VFINX Vanguard 500 Index 1.08%
PRGFX T. Rowe Price Growth Stock 1.14%

The Bottom Line

The funds above allow investors to gain exposure to ICE while remaining diversified. Investors interested in ICE may also be interested in NASDAQ (NDAQ) and CME Group (CME).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

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