ValuEngine Lowers Icahn Enterprises L.P. (IEP) to Sell

Icahn Enterprises L.P. (NASDAQ:IEP) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Several other research firms have also weighed in on IEP. BidaskClub lowered Icahn Enterprises L.P. from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. UBS AG lifted their target price on Icahn Enterprises L.P. from $39.00 to $42.00 and gave the stock a “sell” rating in a report on Wednesday, November 8th. Jefferies Group LLC reiterated a “buy” rating and set a $61.00 target price on shares of Icahn Enterprises L.P. in a report on Wednesday, August 9th. Finally, TheStreet upgraded Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Icahn Enterprises L.P. currently has a consensus rating of “Hold” and an average target price of $51.50.

Icahn Enterprises L.P. (NASDAQ IEP) opened at $53.73 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market capitalization of $9,416.25, a PE ratio of 4.80 and a beta of 1.77. Icahn Enterprises L.P. has a twelve month low of $47.06 and a twelve month high of $64.80.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Ffcm LLC acquired a new position in Icahn Enterprises L.P. during the second quarter worth approximately $112,000. Global X Management Co. LLC increased its position in Icahn Enterprises L.P. by 4.2% during the second quarter. Global X Management Co. LLC now owns 2,420 shares of the conglomerate’s stock worth $125,000 after buying an additional 97 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new position in Icahn Enterprises L.P. during the third quarter worth approximately $202,000. IPG Investment Advisors LLC acquired a new position in Icahn Enterprises L.P. during the second quarter worth approximately $207,000. Finally, Virtu KCG Holdings LLC acquired a new position in Icahn Enterprises L.P. during the second quarter worth approximately $221,000. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

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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