Icahn Enterprises (NASDAQ:IEP) has received an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One investment 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 given Icahn Enterprises an industry rank of 186 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on the stock. BidaskClub raised shares of Icahn Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 4th. ValuEngine raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, UBS reaffirmed a “sell” rating and issued a $45.00 price target (up previously from $42.00) on shares of Icahn Enterprises in a research note on Tuesday, March 6th.
A number of hedge funds and other institutional investors have recently bought and sold shares of IEP. Oppenheimer & Co. Inc. purchased a new position in Icahn Enterprises during the 1st quarter valued at about $205,000. Gabelli Funds LLC bought a new stake in shares of Icahn Enterprises in the 4th quarter valued at about $217,000. Ballew Advisors Inc bought a new stake in shares of Icahn Enterprises in the 4th quarter valued at about $240,000. Financial Advocates Investment Management bought a new stake in shares of Icahn Enterprises in the 4th quarter valued at about $243,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in shares of Icahn Enterprises in the 1st quarter valued at about $256,000. 95.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Icahn Enterprises traded up $0.79, reaching $67.45, during midday trading on Thursday, MarketBeat reports. 56,876 shares of the company were exchanged, compared to its average volume of 116,052. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.27 and a current ratio of 3.27. Icahn Enterprises has a one year low of $67.56 and a one year high of $68.62. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 4.30 and a beta of 1.52.
Icahn Enterprises (NASDAQ:IEP) last released its quarterly earnings data on Thursday, May 3rd. The conglomerate reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.19. Icahn Enterprises had a net margin of 11.30% and a return on equity of 22.74%. The business had revenue of $5.45 billion during the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Monday, May 14th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date is Friday, May 11th.
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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