On 8/26/24, Icahn Enterprises LP (NASDAQ: IEP) stock suffered a major decline of -11.5%, closing at $14.06. Moreover, this decline was accompanied by exceptionally high trading volume at 774% of normal. Relative to the market the stock has been weak over the last nine months and has declined -17.2% during the last week.
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 D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Icahn Enterprises has a neutral Power Rating of 42 but a poor Appreciation Score of 21, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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