Icahn Enterprises (NASDAQ:IEP) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday.
A number of other brokerages have also recently commented on IEP. UBS boosted their price objective on Icahn Enterprises from $39.00 to $42.00 and gave the stock a “sell” rating in a research note on Wednesday, November 8th. ValuEngine cut Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $51.50.
Shares of Icahn Enterprises (NASDAQ IEP) traded up $0.56 during trading on Wednesday, reaching $52.56. The company had a trading volume of 156,300 shares, compared to its average volume of 92,096. Icahn Enterprises has a 52-week low of $47.06 and a 52-week high of $64.37. The firm has a market capitalization of $8,792.33, a PE ratio of 4.48 and a beta of 1.73. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.00.
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About Icahn Enterprises
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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