Icahn Enterprises L.P. (NASDAQ:IEP) has a beta value of 0.90 and has seen 0.31 million shares traded in the last trading session. The company, currently valued at $14.51B, closed the last trade at $54.21 per share which meant it lost -$0.65 on the day or -1.18% during that session. The IEP stock price is -27.47% off its 52-week high price of $69.10 and 12.47% above the 52-week low of $47.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.24 million shares traded. The 3-month trading volume is 243.39K shares.
The consensus among analysts is that Icahn Enterprises L.P. (IEP) is a Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
Icahn Enterprises L.P. (NASDAQ:IEP) trade information
Sporting -1.18% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the IEP stock price touched $54.21 or saw a rise of 2.94%. Year-to-date, Icahn Enterprises L.P. shares have moved 6.99%, while the 5-day performance has seen it change -0.31%. Over the past 30 days, the shares of Icahn Enterprises L.P. (NASDAQ:IEP) have changed -7.49%. Short interest in the company has seen 0.2 million shares shorted with days to cover at 0.45.
Wall Street analysts have a consensus price target for the stock at $70.00, which means that the shares’ value could jump 22.56% from current levels. The projected low price target is $70.00 while the price target rests at a high of $70.00. In that case, then, we find that the current price level is -29.13% off the targeted high while a plunge would see the stock gain -29.13% from current levels.
Icahn Enterprises L.P. (IEP) estimates and forecasts
Figures show that Icahn Enterprises L.P. shares have outperformed across the wider relevant industry. The company’s shares have lost -9.88% over the past 6 months, with this year growth rate of 105.05%, compared to 27.50% for the industry. Revenue growth from the last financial year stood is estimated to be 41.20%.
1 have an estimated revenue figure of $2.33 billion for the next quarter concluding in Sep 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.40% over the past 5 years.
Icahn Enterprises L.P. is expected to release its next earnings report between November 04 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 8.00 at a share yield of 14.76%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 12.06%.
Icahn Enterprises L.P. (NASDAQ:IEP)’s Major holders
Insiders own 0.18% of the company shares, while shares held by institutions stand at 96.62% with a share float percentage of 96.79%. Investors are also buoyed by the number of investors in a company, with Icahn Enterprises L.P. having a total of 112 institutions that hold shares in the company. The top two institutional holders are Icahn, Carl, C. with over 221.75 million shares worth more than $11.91 billion. As of Mar 30, 2021, Icahn, Carl, C. held 87.82% of shares outstanding.
The other major institutional holder is Citigroup Inc., with the holding of over 11.27 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $605.21 million and represent 4.46% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Kinetics Portfolio Trust-Kinetics Master New Paradigm Portfolio and Global X Fds-Global X SuperDividend U.S. ETF. As of Mar 30, 2021, the former fund manager holds about 0.10% shares in the company for having 0.26 million shares of worth $14.23 million while later fund manager owns 0.19 million shares of worth $10.77 million as of May 30, 2021, which makes it owner of about 0.08% of company’s outstanding stock.