Icahn Enterprises LP (NASDAQ: IEP) has reported a loss for its first fiscal quarter (ending March 31) of $-0.09 versus a loss $-0.75 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $-1.15 compared to $-2.27 a year ago.
Recent Price Action
Icahn Enterprises LP (NASDAQ: IEP) stock closed at $18.56 on 5/8/24 after a very large increase of 8.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 289% of normal. The stock has risen 5.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Icahn Enterprises has a slightly negative Power Rating of 35 and a poor Appreciation Score of 17, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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