Extremely important negative changes in investment behavior have recently occurred for Icahn Enterprises LP (NASDAQ: IEP): the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Important negative changes in Icahn Enterprises LP (NASDAQ: IEP) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Icahn Enterprises has a neutral Power Rating of 42 but a poor Appreciation Score of 19, and the Negative Value Trend Rating results.
Recent Price Action
Icahn Enterprises LP (NASDAQ: IEP) stock closed at $16.10 on 8/9/24 after an increase of 1.2%. Trading volume in this advance was normal. The stock has declined -8.1% during the last week and has been weak relative to the market over the last nine months.
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