IEP Icahn Enterprises LP Stock quote


iep stock price

Operates in the financial services industry, which includes companies involved in investment banking, asset management, insurance, and other financial services. The industry is highly competitive and subject to regulatory and political risks. Factors driving the company’s valuation include its diversified portfolio of businesses, its strong leadership team, and the potential for growth through acquisitions and strategic investments.

Icahn Enterprises LP is a provider of diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company.

Is a diversified holding company headquartered in Miami, Florida. Icahn’s mission is to create long-term value for its shareholders by investing in companies with strong fundamentals and growth potential. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.

Price Target and Rating

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.

Icahn Enterprises: SEC Inquiry, Halved Distribution, 20% Yield From … – Seeking Alpha

Icahn Enterprises: SEC Inquiry, Halved Distribution, 20% Yield From ….

Posted: Mon, 04 Sep 2023 07:00:00 GMT [source]

The loans were tied to the company’s share price, and a point of criticism by Hindenburg Research. Icahn Enterprises L.P.’s stock IEP, -1.83% tumbled 28% in premarket trade Friday, after the company said it’s cuttings its quarterly distribution to $1 from $2 previously. According to one analyst, the rating for IEP stock is “Strong Buy” and the 12-month stock price forecast is $27.0. As an investor, you want to buy stocks with the highest probability of success.

These Stocks Are Moving the Most Today: Icahn Enterprises, Novavax, FMC, Cava, and More

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IEP’s historical performance

against its industry peers and the overall market. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 1 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Icahn Enterprises in the last year. The consensus among Wall Street equities research analysts is that investors should “buy” IEP shares.

Carl Icahn Reduces Stake in CVR Energy Inc

The publicly-traded vehicle for the legendary activist investor can’t escape hot water. The technique has proven to be very useful for finding positive surprises. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

iep stock price

Even activist investor Carl Icahn was targeted by short sellers. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Plus, IEP info will be updated daily in your Portfolio Tracker – also free. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google

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Terms of Service apply. Our Quantitative Research team models direct competitors or comparable companies

from a bottom-up perspective to find companies describing their business in a

similar fashion.

Icahn Enterprises Unusual Options Activity

In addition, the company’s recent efforts to divest non-core assets and focus on higher-growth areas have also been well received by investors. Trades at a price-to-earnings ratio below the industry average, suggesting that the company’s stock may be undervalued relative to its peers. The company’s price-to-book ratio is also what is negative outstanding balance in credit card lower than the industry average. Icahn Enterprises’ portfolio includes well-known brands and companies like Federal-Mogul, Tropicana Entertainment, CVR Energy, and PSC Metals. The company’s target market includes institutional investors, high-net-worth individuals, and family offices seeking exposure to diverse assets.

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Icahn Enterprises declared a quarterly dividend on Wednesday, August 2nd.

Carl Icahn’s firm cuts dividend by 50% after short-seller attack, shares slump

Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 1 equities research analysts have issued 12-month price objectives for Icahn Enterprises’ shares.

  • Before that, he served as a director of Viskase Companies Inc., a meat casing manufacturing company.
  • The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
  • And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
  • Icahn Enterprises is exposed to market risks, such as fluctuations in commodity prices, interest rates, and foreign exchange rates.
  • That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of IEP stock can currently be purchased for approximately $21.06. Sign-up to receive the latest news and ratings for Icahn Enterprises and its competitors with MarketBeat’s FREE daily newsletter. Icahn’s management team is led by David Willetts, who was appointed Chief Executive Officer in November 2021. Before being appointed CEO, he served as Icahn Enterprises’ Chief Financial Officer for approximately six months.

Icahn Enterprises Return vs. S&P

The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.

iep stock price

On average, they expect the company’s stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 28.2% from the stock’s current price. View analysts price targets for IEP or view top-rated stocks among Wall Street analysts. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

Billionaire activist investor Carl Icahn is weathering one of his career’s most trying periods, but some on Wall Street say don’t count him out yet. The famed investor is reworking loan agreements that could have put his company at risk. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 88% Sell with a Weakening short term outlook on maintaining the current direction. just posted flat revenue growth, but better things could be better ahead. Icahn Enterprises also said it would wind down bets that the stock market would collapse, which have inflicted heavy losses. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy.

Icahn Enterprises is exposed to market risks, such as fluctuations in commodity prices, interest rates, and foreign exchange rates. These risks could impact the company’s financial performance, mainly if they occur in combination. Icahn and banks agreed to untie his personal loans from the trading price of Icahn Enterprises shares, The Wall Street Journal reported. Carl Icahn’s has detached his personal loans from Icahn Enterprises reducing risk for investors and addressing short-seller Hindenburg’s concerns. Shares in Icahn Enterprises rose as much as 22% Monday as Carl Icahn amended loans.

The company is subject to various regulatory requirements, including environmental, health, and safety regulations, which could limit its operations or increase its compliance costs. The company has a market capitalization of approximately $11 billion. For the past several years, it has posted growing revenue numbers but has also been posting net income losses.

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