Shares of Icahn Enterprises LP (NASDAQ:IEP) have been given a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating. Icahn Enterprises’ rating score has declined by 66.7% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price target of $42.00 for the company, according to Zacks. Zacks has also given Icahn Enterprises an industry rank of 107 out of 265 based on the ratings given to its competitors.
Several brokerages recently issued reports on IEP. UBS Group reaffirmed a “sell” rating and issued a $45.00 target price (up from $42.00) on shares of Icahn Enterprises in a research note on Tuesday. BidaskClub raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Finally, ValuEngine downgraded shares of Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th.
Icahn Enterprises (NASDAQ:IEP) traded up $0.53 during midday trading on Friday, reaching $62.02. 209,667 shares of the company’s stock traded hands, compared to its average volume of 112,121. The company has a quick ratio of 2.76, a current ratio of 3.98 and a debt-to-equity ratio of 0.98. The firm has a market cap of $10,490.00, a price-to-earnings ratio of 4.24 and a beta of 1.55. Icahn Enterprises has a 52 week low of $47.06 and a 52 week high of $62.17.
Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Thursday, March 1st. The conglomerate reported $1.72 earnings per share for the quarter, beating the consensus estimate of $0.56 by $1.16. Icahn Enterprises had a net margin of 10.98% and a return on equity of 23.08%. The business had revenue of $4.73 billion for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, March 12th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 11.29%. This is an increase from Icahn Enterprises’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, March 9th. Icahn Enterprises’s payout ratio is 10.25%.
Institutional investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC acquired a new position in shares of Icahn Enterprises in the fourth quarter valued at approximately $217,000. Ballew Advisors Inc acquired a new position in shares of Icahn Enterprises in the fourth quarter valued at approximately $240,000. Financial Advocates Investment Management acquired a new position in shares of Icahn Enterprises in the fourth quarter valued at approximately $243,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Icahn Enterprises by 10.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,738 shares of the conglomerate’s stock valued at $244,000 after buying an additional 431 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Icahn Enterprises by 32.5% in the third quarter. CIBC Asset Management Inc now owns 5,478 shares of the conglomerate’s stock valued at $301,000 after buying an additional 1,344 shares during the period.
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About Icahn Enterprises
Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.
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