IntercontinentalExchange, Inc. (ICE) Maintains A Market Perform Rating

Analysts David M. Scahrf and Kevane A. Wong at JMP Securities have maintained a Market Perform rating for IntercontinentalExchange, Inc. (NYSE: ICE). The company has reported results for the fourth-quarter.

IntercontinentalExchange reported revenue of $257 million for the quarter, which came in line with consensus. The adjusted EPS of $1.12 was $0.01 below analysts’ estimate, and $0.02 below consensus estimate.

The company reported CDS clearing revenue of $31 million in 2009, which is expected to double in 2010 to a range of $60-$80 million.

Analysts at JMP Securities have a price target of $138 for IntercontinentalExchange, Inc. , which is based on a multiple of 23x the 2011 EPS estimate of $6.