Icahn Enterprises (NASDAQ:IEP) Upgraded at BidaskClub

BidaskClub upgraded shares of Icahn Enterprises (NASDAQ:IEP) from a sell rating to a hold rating in a research note published on Thursday, BidAskClub reports.

A number of other research analysts have also commented on IEP. TheStreet lowered shares of Icahn Enterprises from a c- rating to a d rating in a research note on Friday, May 8th. Zacks Investment Research downgraded shares of Icahn Enterprises from a hold rating to a sell rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $56.00.

IEP opened at $49.81 on Thursday. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of -5.08 and a beta of 1.24. The business’s 50-day moving average price is $48.88 and its two-hundred day moving average price is $53.65. Icahn Enterprises has a 1 year low of $34.00 and a 1 year high of $79.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.04 and a quick ratio of 5.04.

Icahn Enterprises (NASDAQ:IEP) last released its earnings results on Friday, May 8th. The conglomerate reported ($6.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.79) by ($5.55). Icahn Enterprises had a negative net margin of 22.90% and a negative return on equity of 18.89%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $2.18 billion. Sell-side analysts anticipate that Icahn Enterprises will post -7.65 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Quarterback LLC acquired a new stake in shares of Icahn Enterprises during the fourth quarter worth $27,000. Verus Capital Partners LLC acquired a new stake in shares of Icahn Enterprises during the fourth quarter worth $32,000. Parallel Advisors LLC increased its position in shares of Icahn Enterprises by 20.8% during the first quarter. Parallel Advisors LLC now owns 1,813 shares of the conglomerate’s stock worth $87,000 after buying an additional 312 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Icahn Enterprises during the first quarter worth $121,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Icahn Enterprises by 5.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,636 shares of the conglomerate’s stock worth $224,000 after buying an additional 182 shares during the period. Institutional investors own 97.95% of the company’s stock.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.

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