Icahn Enterprises L.P. (IEP) Receives Average Recommendation of “Hold” from Brokerages
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.
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%.
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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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