Icahn Enterprises LP (NASDAQ:IEP) has received a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.

Analysts have set a one year consensus price objective of $55.00 for the company, according to Zacks. Zacks has also assigned Icahn Enterprises an industry rank of 25 out of 256 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on IEP shares. UBS Group dropped their target price on shares of Icahn Enterprises from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. BidaskClub cut shares of Icahn Enterprises from a “hold” rating to a “sell” rating in a report on Thursday.

Institutional investors have recently added to or reduced their stakes in the business. OLD Second National Bank of Aurora raised its holdings in Icahn Enterprises by 92.3% in the 2nd quarter. OLD Second National Bank of Aurora now owns 702 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 337 shares during the period. Bremer Bank National Association acquired a new position in shares of Icahn Enterprises during the 1st quarter worth approximately $58,000. Meridian Wealth Management LLC acquired a new position in shares of Icahn Enterprises during the 1st quarter worth approximately $69,000. US Bancorp DE grew its position in shares of Icahn Enterprises by 26.2% during the 2nd quarter. US Bancorp DE now owns 1,003 shares of the conglomerate’s stock worth $73,000 after purchasing an additional 208 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in shares of Icahn Enterprises during the 2nd quarter worth approximately $81,000. 96.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IEP stock traded up $0.54 on Friday, reaching $67.50. The stock had a trading volume of 77,500 shares, compared to its average volume of 81,420. The company has a quick ratio of 6.54, a current ratio of 6.54 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average is $71.04 and its two-hundred day moving average is $72.39. Icahn Enterprises has a 12 month low of $50.33 and a 12 month high of $79.37.

Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Tuesday, August 6th. The conglomerate reported ($2.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($2.69). The firm had revenue of $2.20 billion during the quarter. Icahn Enterprises had a net margin of 1.86% and a negative return on equity of 10.95%.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, August 13th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $8.00 annualized dividend and a yield of 11.85%.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.

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