Icahn Enterprises (IEP) Upgraded to “Hold” by BidaskClub

Icahn Enterprises (NASDAQ:IEP) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday, January 2nd.

A number of other brokerages have also recently issued reports on IEP. UBS Group increased their target price on shares of Icahn Enterprises from $39.00 to $42.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. ValuEngine lowered shares of Icahn Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. Icahn Enterprises has a consensus rating of “Hold” and a consensus price target of $51.50.

Icahn Enterprises (IEP) traded up $0.75 during midday trading on Tuesday, reaching $56.50. 105,200 shares of the company traded hands, compared to its average volume of 113,486. The stock has a market capitalization of $9,560.00, a PE ratio of 4.90 and a beta of 1.76. Icahn Enterprises has a 52-week low of $47.06 and a 52-week high of $61.50. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.00.

Hedge funds have recently modified their holdings of the company. Moors & Cabot Inc. increased its stake in Icahn Enterprises by 41.6% during the 3rd quarter. Moors & Cabot Inc. now owns 8,198 shares of the conglomerate’s stock worth $448,000 after buying an additional 2,410 shares during the period. Wells Fargo & Company MN grew its holdings in Icahn Enterprises by 11.4% during the 3rd quarter. Wells Fargo & Company MN now owns 95,188 shares of the conglomerate’s stock worth $5,222,000 after acquiring an additional 9,738 shares in the last quarter. Texas Yale Capital Corp. grew its holdings in Icahn Enterprises by 4.9% during the 3rd quarter. Texas Yale Capital Corp. now owns 62,593 shares of the conglomerate’s stock worth $3,434,000 after acquiring an additional 2,898 shares in the last quarter. Commonwealth Equity Services Inc grew its holdings in Icahn Enterprises by 23.0% during the 3rd quarter. Commonwealth Equity Services Inc now owns 12,492 shares of the conglomerate’s stock worth $685,000 after acquiring an additional 2,332 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Icahn Enterprises by 32.5% during the 3rd quarter. CIBC Asset Management Inc now owns 5,478 shares of the conglomerate’s stock worth $301,000 after acquiring an additional 1,344 shares in the last quarter. 97.46% of the stock is currently owned by institutional investors and hedge funds.

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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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