Recent significant negative changes in fundamentals have impacted Icahn Enterprises LP (NASDAQ: IEP): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent exceptional negative changes in investment behavior have affected Icahn Enterprises LP (NASDAQ: IEP): negative upside/downside volume developed, and the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of D. 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 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Icahn Enterprises has a slightly negative Power Rating of 39 and a poor Appreciation Score of 26, leading to the Negative Value Trend Rating.
Recent Price Action
On 9/5/24, Icahn Enterprises LP (NASDAQ: IEP) stock suffered a large decline of -8.7%, closing at $11.15. Moreover, exceptionally high trading volume at 299% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -19.4% during the last week.
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