Icahn Enterprises LP (NASDAQ: IEP) stock suffered a major decline of -17.6% on 10/29/24. The shares closed at $12.77. Moreover, exceptionally high trading volume at 291% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -14.8% 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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Icahn Enterprises has a poor Appreciation Score of 24 and a poor Power Rating of 16, producing the Lowest Value Trend Rating.
Rating Review
In light of this highly negative 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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