Icahn Enterprises L.P. (IEP) Receives News Impact Rating of 0.16
News coverage about Icahn Enterprises L.P. (NASDAQ:IEP) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Icahn Enterprises L.P. earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the conglomerate an impact score of 45.4319217705353 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Comparing Icahn Enterprises L.P. (IEP) and Trinity Industries (TRN) (americanbankingnews.com)
- Icahn Enterprises Rises 5% in 30-Day Period on Acquisitions – GuruFocus.com (gurufocus.com)
- Icahn Enterprises L.P. (IEP) Given $40.00 Average Target Price by Brokerages (americanbankingnews.com)
- Why Advance Auto Parts, Inc. (AAP) Stock Is Falling Today – Investorplace.com (investorplace.com)
Several equities analysts have issued reports on IEP shares. BidaskClub upgraded shares of Icahn Enterprises L.P. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Jefferies Group LLC restated a “buy” rating and issued a $61.00 price target on shares of Icahn Enterprises L.P. in a research report on Wednesday, August 9th. Finally, TheStreet upgraded shares of Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $50.50.
Shares of Icahn Enterprises L.P. (IEP) opened at 55.40 on Thursday. The stock’s 50 day moving average is $53.61 and its 200 day moving average is $51.53. Icahn Enterprises L.P. has a 52-week low of $45.42 and a 52-week high of $64.80. The firm has a market capitalization of $9.13 billion, a PE ratio of 6.35 and a beta of 1.73.
Icahn Enterprises L.P. (NASDAQ:IEP) last announced its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $9.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $9.02. The firm had revenue of $6.65 billion during the quarter. Icahn Enterprises L.P. had a net margin of 6.35% and a return on equity of 15.51%. On average, equities research analysts forecast that Icahn Enterprises L.P. will post $9.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 14th were issued a $1.50 dividend. The ex-dividend date was Thursday, August 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 10.83%. Icahn Enterprises L.P.’s payout ratio is 38.22%.
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About Icahn Enterprises L.P.
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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