Meaningful negative changes in Icahn Enterprises LP (NASDAQ: IEP) fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Significant negative changes in investment behavior have recently occurred for Icahn Enterprises LP (NASDAQ: IEP): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IEP is expected to continue to be a major Value Builder.
Icahn Enterprises has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Icahn Enterprises has a poor Power Rating of 21 and a poor Appreciation Score of 16, resulting in the Lowest Value Trend Rating.
Recent Price Action
Icahn Enterprises LP (NASDAQ: IEP) stock suffered a large decline of -8.3% on 3/8/24. The stock closed at $18.09. Moreover, trading volume in this decline was exceptionally high at 305% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -9.6% during the last week.
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