Shares of Icahn Enterprises L.P. (NASDAQ:IEP) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Icahn Enterprises L.P.’s rating score has improved by 66.7% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus target price of $40.00 for the company, according to Zacks. Zacks has also assigned Icahn Enterprises L.P. an industry rank of 78 out of 265 based on the ratings given to its competitors.

Several research analysts have issued reports on the company. BidaskClub downgraded Icahn Enterprises L.P. from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.00 price objective on shares of Icahn Enterprises L.P. in a report on Wednesday, August 9th. Finally, TheStreet raised Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a report on Tuesday, August 8th.

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Icahn Enterprises L.P. (NASDAQ IEP) traded up 2.61% on Friday, reaching $57.49. The company’s stock had a trading volume of 95,119 shares. The stock’s 50 day moving average is $54.60 and its 200-day moving average is $51.77. Icahn Enterprises L.P. has a 52 week low of $45.87 and a 52 week high of $64.80. The firm has a market capitalization of $9.47 billion, a PE ratio of 6.59 and a beta of 1.73.

Icahn Enterprises L.P. (NASDAQ:IEP) last released its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $9.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $9.02. The company had revenue of $6.65 billion for the quarter. Icahn Enterprises L.P. had a return on equity of 15.51% and a net margin of 6.35%. Analysts predict that Icahn Enterprises L.P. will post $9.91 EPS for the current year.

Several institutional investors have recently modified their holdings of IEP. IPG Investment Advisors LLC bought a new stake in shares of Icahn Enterprises L.P. during the 2nd quarter valued at $207,000. Global X Management Co. LLC raised its position 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 valued at $125,000 after acquiring an additional 97 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position 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 valued at $387,000 after acquiring an additional 574 shares during the last quarter. Texas Yale Capital Corp. raised its position 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 valued at $3,084,000 after acquiring an additional 1,262 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position 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 valued at $358,000 after acquiring an additional 1,345 shares during the last quarter. Institutional investors own 96.83% of the company’s stock.

About Icahn Enterprises L.P.

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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