Zacks: Icahn Enterprises LP (IEP) Given Consensus Recommendation of “Strong Sell” by Brokerages
Shares of Icahn Enterprises LP (NASDAQ:IEP) have received an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation.
Brokerages have set a 12 month consensus price objective of $45.00 for the company, according to Zacks. Zacks has also assigned Icahn Enterprises an industry rank of 109 out of 257 based on the ratings given to related companies.
Separately, BidaskClub upgraded Icahn Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 7th.
Shares of IEP stock traded down $0.51 during mid-day trading on Thursday, reaching $67.28. The stock had a trading volume of 109,629 shares, compared to its average volume of 106,923. Icahn Enterprises has a 12-month low of $51.01 and a 12-month high of $81.88. The stock has a market cap of $12.67 billion, a P/E ratio of 21.54 and a beta of 1.32. The company has a quick ratio of 5.84, a current ratio of 5.84 and a debt-to-equity ratio of 0.64.
Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings results on Thursday, November 8th. The conglomerate reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($1.07). Icahn Enterprises had a net margin of 5.29% and a return on equity of 4.76%. The firm had revenue of $2.69 billion during the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Monday, November 12th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date of this dividend is Thursday, November 8th.
Icahn Enterprises Company Profile
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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