Jefferies Group LLC restated their buy rating on shares of Icahn Enterprises L.P. (NASDAQ:IEP) in a research note published on Wednesday. The brokerage currently has a $61.00 price target on the conglomerate’s stock.
Several other equities analysts also recently commented on the stock. ValuEngine upgraded shares of Icahn Enterprises L.P. from a strong sell rating to a sell rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Icahn Enterprises L.P. from a hold rating to a buy rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $50.50.
Icahn Enterprises L.P. (NASDAQ:IEP) opened at 53.10 on Wednesday. Icahn Enterprises L.P. has a 52 week low of $45.42 and a 52 week high of $64.80.
Icahn Enterprises L.P. (NASDAQ:IEP) last posted its earnings results on Tuesday, August 8th. The conglomerate reported $9.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $9.02. Icahn Enterprises L.P. had a net margin of 6.35% and a return on equity of 15.51%. The firm had revenue of $6.65 billion during the quarter. Equities analysts forecast that Icahn Enterprises L.P. will post $1.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 14th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, August 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 11.30%. Icahn Enterprises L.P.’s payout ratio is currently 57.32%.
Institutional investors have recently modified their holdings of the company. Ffcm LLC purchased a new position in shares of Icahn Enterprises L.P. during the second quarter worth approximately $112,000. Global X Management Co. LLC increased its position in shares of 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 worth $125,000 after buying an additional 97 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in shares of Icahn Enterprises L.P. during the second quarter worth approximately $207,000. Virtu KCG Holdings LLC bought a new stake in shares of Icahn Enterprises L.P. during the second quarter worth $221,000. Finally, Advisor Group Inc. boosted its stake in shares of Icahn Enterprises L.P. by 4.6% in the second quarter. Advisor Group Inc. now owns 8,518 shares of the conglomerate’s stock worth $328,000 after buying an additional 375 shares during the period. Hedge funds and other institutional investors own 94.07% of the company’s stock.
Icahn Enterprises L.P. Company Profile
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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