Shares of Icahn Enterprises L.P. (NASDAQ:IEP) have been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation and one has assigned a strong buy recommendation to the company. Icahn Enterprises’ rating score has declined by 200% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price target of $42.00 for the company, according to Zacks. Zacks has also assigned Icahn Enterprises an industry rank of 195 out of 265 based on the ratings given to related companies.

Several equities analysts have recently commented on IEP shares. BidaskClub raised Icahn Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, October 19th. Jefferies Group reaffirmed a “buy” rating and issued a $61.00 price target on shares of Icahn Enterprises in a research note on Wednesday, August 9th. TheStreet raised Icahn Enterprises from a “d+” rating to a “c” rating in a research note on Tuesday, August 8th. ValuEngine lowered Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, UBS upped 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.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ffcm LLC acquired a new position in Icahn Enterprises during the 2nd quarter worth about $112,000. Global X Management Co. LLC lifted its stake in Icahn Enterprises 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 acquiring an additional 97 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in Icahn Enterprises during the 3rd quarter worth about $202,000. Virtu KCG Holdings LLC acquired a new position in Icahn Enterprises during the 2nd quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Icahn Enterprises by 10.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,738 shares of the conglomerate’s stock worth $244,000 after acquiring an additional 431 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Icahn Enterprises (NASDAQ IEP) opened at $52.98 on Wednesday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $8,960.00, a price-to-earnings ratio of 4.56 and a beta of 1.75. Icahn Enterprises has a twelve month low of $47.06 and a twelve month high of $64.80.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Monday, November 13th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 11.33%. The ex-dividend date of this dividend is Friday, November 10th. Icahn Enterprises’s payout ratio is 13.01%.

COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/12/06/icahn-enterprises-l-p-iep-receives-average-recommendation-of-hold-from-brokerages.html.

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.

Get a free copy of the Zacks research report on Icahn Enterprises (IEP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Icahn Enterprises L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Icahn Enterprises L.P. and related companies with MarketBeat.com's FREE daily email newsletter.