Icahn Enterprises LP (NASDAQ:IEP) has been given an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.
Brokers have set a 1-year consensus target price of $45.00 for the company, according to Zacks. Zacks has also assigned Icahn Enterprises an industry rank of 86 out of 255 based on the ratings given to related companies.
IEP has been the subject of a number of analyst reports. BidaskClub lowered shares of Icahn Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. ValuEngine raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Icahn Enterprises by 423.6% in the first quarter. LPL Financial LLC now owns 51,752 shares of the conglomerate’s stock worth $2,952,000 after purchasing an additional 41,869 shares in the last quarter. Mckinley Capital Management LLC Delaware lifted its position in shares of Icahn Enterprises by 5.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 26,329 shares of the conglomerate’s stock worth $1,871,000 after purchasing an additional 1,360 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Icahn Enterprises by 79.0% in the second quarter. California Public Employees Retirement System now owns 25,615 shares of the conglomerate’s stock worth $1,820,000 after purchasing an additional 11,303 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Icahn Enterprises by 74.0% in the second quarter. Commonwealth Equity Services LLC now owns 17,868 shares of the conglomerate’s stock worth $1,270,000 after purchasing an additional 7,600 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Icahn Enterprises by 19.5% in the second quarter. PNC Financial Services Group Inc. now owns 15,294 shares of the conglomerate’s stock worth $1,086,000 after purchasing an additional 2,492 shares in the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.
IEP stock opened at $67.90 on Tuesday. The company has a quick ratio of 5.49, a current ratio of 5.49 and a debt-to-equity ratio of 0.63. Icahn Enterprises has a one year low of $51.01 and a one year high of $81.88. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of 9.72 and a beta of 1.60.
Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings data on Thursday, August 2nd. The conglomerate reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.34. Icahn Enterprises had a net margin of 6.84% and a return on equity of 10.19%. The company had revenue of $3.58 billion during the quarter.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Monday, August 13th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date was Friday, August 10th.
About Icahn Enterprises
Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, railcar, gaming, metals, mining, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. Its Investment segment operates various private investment funds.
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