Icahn Enterprises L.P. (NASDAQ:IEP) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.

IEP has been the subject of several other reports. TheStreet raised shares of Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Icahn Enterprises L.P. in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Icahn Enterprises L.P. has an average rating of “Hold” and a consensus price target of $50.50.

Shares of Icahn Enterprises L.P. (NASDAQ IEP) traded up 2.61% during mid-day trading on Thursday, reaching $57.49. 95,119 shares of the company traded hands. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 6.59 and a beta of 1.73. The firm has a 50-day moving average price of $54.60 and a 200 day moving average price of $51.77. Icahn Enterprises L.P. has a 52 week low of $45.87 and a 52 week high of $64.80.

Icahn Enterprises L.P. (NASDAQ:IEP) last announced its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $9.51 EPS for the quarter, beating the Thomson Reuters’ 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, analysts anticipate that Icahn Enterprises L.P. will post $9.91 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. IPG Investment Advisors LLC acquired a new stake in shares of Icahn Enterprises L.P. during the 2nd quarter worth approximately $207,000. Global X Management Co. LLC grew its stake in shares of Icahn Enterprises L.P. by 4.2% during the 2nd quarter. Global X Management Co. LLC now owns 2,420 shares of the conglomerate’s stock worth $125,000 after purchasing an additional 97 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Icahn Enterprises L.P. by 8.3% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 7,500 shares of the conglomerate’s stock worth $387,000 after purchasing an additional 574 shares during the period. Texas Yale Capital Corp. grew its stake in shares of Icahn Enterprises L.P. by 2.2% during the 2nd quarter. Texas Yale Capital Corp. now owns 59,695 shares of the conglomerate’s stock worth $3,084,000 after purchasing an additional 1,262 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Icahn Enterprises L.P. by 24.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,924 shares of the conglomerate’s stock worth $358,000 after purchasing an additional 1,345 shares during the period. 96.83% of the stock is owned by institutional investors.

Icahn Enterprises L.P. 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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