Icahn Enterprises LP (NASDAQ: IEP) stock closed at $12.37 on 9/16/24 after a major increase of 14.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 306% of normal. The stock has risen 17.3% 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 Appreciation Score of 36 and a poor Power Rating of 22, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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