Icahn Enterprises L.P. (NASDAQ:IEP) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday, July 11th.
Separately, ValuEngine raised shares of Icahn Enterprises L.P. from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Icahn Enterprises L.P. presently has an average rating of “Hold” and an average price target of $50.50.
Shares of Icahn Enterprises L.P. (NASDAQ:IEP) opened at 53.10 on Tuesday. The stock has a 50 day moving average price of $52.36 and a 200 day moving average price of $52.32. Icahn Enterprises L.P. has a 1-year low of $45.42 and a 1-year high of $64.80.
Icahn Enterprises L.P. (NASDAQ:IEP) last announced its earnings results on Tuesday, August 8th. The conglomerate reported $9.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $9.02. The firm had revenue of $6.65 billion for the quarter. Icahn Enterprises L.P. had a net margin of 6.35% and a return on equity of 15.51%. Analysts expect that Icahn Enterprises L.P. will post $1.40 EPS for the current year.
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Several institutional investors have recently bought and sold shares of the company. Ffcm LLC bought a new position in Icahn Enterprises L.P. during the second quarter valued at approximately $112,000. Global X Management Co. LLC increased its position in Icahn Enterprises L.P. by 4.2% in the second quarter. Global X Management Co. LLC now owns 2,420 shares of the conglomerate’s stock valued at $125,000 after buying an additional 97 shares during the period. IPG Investment Advisors LLC bought a new position in Icahn Enterprises L.P. during the second quarter valued at approximately $207,000. Virtu KCG Holdings LLC bought a new position in Icahn Enterprises L.P. during the second quarter valued at approximately $221,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Icahn Enterprises L.P. by 24.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,924 shares of the conglomerate’s stock valued at $358,000 after buying an additional 1,345 shares during the period. Institutional investors and hedge funds own 94.07% of the company’s stock.
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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