Icahn Enterprises (NASDAQ:IEP) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday, February 3rd.
A number of other research firms have also recently commented on IEP. UBS Group increased their price target on Icahn Enterprises from $39.00 to $42.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. ValuEngine cut Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Icahn Enterprises presently has an average rating of “Hold” and a consensus target price of $51.50.
Shares of Icahn Enterprises (NASDAQ:IEP) opened at $56.95 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.76 and a current ratio of 2.76. Icahn Enterprises has a 12 month low of $47.06 and a 12 month high of $59.88. The firm has a market capitalization of $9,629.29, a price-to-earnings ratio of 4.91 and a beta of 1.53.
A number of institutional investors have recently added to or reduced their stakes in IEP. Moloney Securities Asset Management LLC purchased a new stake in Icahn Enterprises in the third quarter valued at about $202,000. Gabelli Funds LLC purchased a new stake in Icahn Enterprises in the fourth quarter valued at about $217,000. Virtu KCG Holdings LLC purchased a new position in shares of Icahn Enterprises in the second quarter worth about $221,000. Ballew Advisors Inc purchased a new position in shares of Icahn Enterprises in the fourth quarter worth about $240,000. Finally, Financial Advocates Investment Management purchased a new position in shares of Icahn Enterprises in the fourth quarter worth about $243,000. Institutional investors own 97.60% of the company’s stock.
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Icahn Enterprises Company Profile
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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