Shares of Icahn Enterprises LP (NASDAQ:IEP) have been assigned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.
Brokerages have set a one year consensus price objective of $45.00 for the company, according to Zacks. Zacks has also given Icahn Enterprises an industry rank of 112 out of 255 based on the ratings given to its competitors.
A number of brokerages have issued reports on IEP. BidaskClub lowered shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. ValuEngine raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd.
IEP stock traded up $2.32 during trading on Tuesday, hitting $71.09. 95,100 shares of the stock traded hands, compared to its average volume of 111,961. The company has a debt-to-equity ratio of 0.63, a quick ratio of 5.49 and a current ratio of 5.49. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 9.88 and a beta of 1.60. Icahn Enterprises has a 1 year low of $51.01 and a 1 year high of $81.88.
Icahn Enterprises (NASDAQ:IEP) last issued its quarterly earnings data on Thursday, August 2nd. The conglomerate reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.34. Icahn Enterprises had a net margin of 6.84% and a return on equity of 10.19%. The firm had revenue of $3.58 billion for the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Monday, August 13th were issued a $1.75 dividend. The ex-dividend date of this dividend was Friday, August 10th. This represents a $7.00 annualized dividend and a dividend yield of 9.85%.
About Icahn Enterprises
Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, railcar, gaming, metals, mining, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. Its Investment segment operates various private investment funds.
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