Icahn Enterprises L.P. (IEP) Rating Lowered to Hold at BidaskClub

Icahn Enterprises L.P. (NASDAQ:IEP) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities analysts have also recently issued research reports about the company. Jefferies Group LLC reissued a “buy” rating and set a $61.00 price target on shares of Icahn Enterprises L.P. in a report on Wednesday, August 9th. TheStreet raised Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $50.50.

Icahn Enterprises L.P. (NASDAQ:IEP) last posted its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $9.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $9.02. Icahn Enterprises L.P. had a return on equity of 15.51% and a net margin of 6.35%. The company had revenue of $6.65 billion during the quarter.

WARNING: This piece was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/10/13/icahn-enterprises-l-p-iep-rating-lowered-to-hold-at-bidaskclub.html.

Institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in shares of Icahn Enterprises L.P. during the 2nd quarter worth $1,774,000. Rafferty Asset Management LLC raised its holdings in shares of Icahn Enterprises L.P. by 8.8% during the 2nd quarter. Rafferty Asset Management LLC now owns 60,720 shares of the conglomerate’s stock worth $3,137,000 after buying an additional 4,910 shares in the last quarter. Texas Yale Capital Corp. raised its holdings in shares of Icahn Enterprises L.P. by 2.2% during the 2nd quarter. Texas Yale Capital Corp. now owns 59,695 shares of the conglomerate’s stock worth $3,084,000 after buying an additional 1,262 shares in the last quarter. IPG Investment Advisors LLC acquired a new position in shares of Icahn Enterprises L.P. during the 2nd quarter worth $207,000. Finally, Citigroup Inc. raised its holdings in shares of Icahn Enterprises L.P. by 6.2% during the 2nd quarter. Citigroup Inc. now owns 5,900,594 shares of the conglomerate’s stock worth $304,825,000 after buying an additional 344,402 shares in the last quarter. 96.83% of the stock is owned by institutional investors.

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.

Receive News & Ratings for Icahn Enterprises L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Icahn Enterprises L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply