The stock of Icahn Enterprises L.P. (NASDAQ:IEP) last traded at $53.75, down -0.59% from the previous session.
Data from the available sources indicates that Icahn Enterprises L.P. (NASDAQ:IEP) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $70.00, we find $70.00. Given the previous closing price of $54.07, this indicates a potential upside of 29.46 percent. IEP stock price is now 1.06% away from the 50-day moving average and 3.34% away from the 200-day moving average. The market capitalization of the company currently stands at $18.98B.
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In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $70.00 as their price target over the next twelve months.
With the price target enhanced from $30 to $40, UBS maintained Sell rating for Icahn Enterprises L.P. (NASDAQ: IEP). On August 18, 2016, UBS Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $52 to quote $30, while the UBS previously rated the stock as ‘Neutral’ on March 02, 2015.
Insiders disposed of 17,920 shares of company stock worth roughly $0.96 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IEP stock. A new stake in Icahn Enterprises L.P. shares was purchased by PRIVATE CAPITAL ADVISORS, INC. during the first quarter worth $12,011,000. SIMPLEX TRADING, LLC invested $3,035,000 in shares of IEP during the first quarter. In the first quarter, GARDEN STATE INVESTMENT ADVISORY SERVICES LLC acquired a new stake in Icahn Enterprises L.P. valued at approximately $1,655,000. JENKINS WEALTH acquired a new stake in IEP for approximately $1,189,000. PRIME CAPITAL INVESTMENT ADVISORS, LLC purchased a new stake in IEP valued at around $842,000 in the second quarter. In total, there are 183 active investors with 86.90% ownership of the company’s stock.
With an opening price of $54.25 on Wednesday morning, Icahn Enterprises L.P. (NASDAQ: IEP) set off the trading day. During the past 12 months, Icahn Enterprises L.P. has had a low of $47.17 and a high of $55.55. The fifty day moving average price for IEP is $53.25 and a two-hundred day moving average price translates $52.03 for the stock.
The latest earnings results from Icahn Enterprises L.P. (NASDAQ: IEP) was released for Sep, 2022. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at -$0.37, missing analysts’ expectations of $0.22 by -0.59. This compares to -$1.89 EPS in the same period last year. The net profit margin was -1.30% and return on equity was -3.90% for IEP. The company reported revenue of $3.11 billion for the quarter, compared to $2.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.23 percent. For the current quarter, analysts expect IEP to generate $2.67B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/19/2023. Investors who held shares on 03/13/2023 were paid a $2.00 dividend. On an annualized basis, this represents a $8.00 dividend and a 14.88% percent yield. There was an ex-dividend date of 03/10/2023 for this dividend.
Icahn Enterprises L.P.(IEP) Company Profile
Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company’s Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. Its Automotive segment is involved in the retail and wholesale distribution of automotive parts; and offers automotive repair and maintenance services. The company’s Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used for preparing processed meat products. Its Real Estate segment is involved in the rental of retail, office, and industrial properties; construction and sale of single-family homes and residential units; and golf and club operations. This segment also engages in hotel and timeshare resort operations. The company’s Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. Its Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.
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