Icahn Enterprises L.P. (NASDAQ: IEP) is -45.43% lower on its value in year-to-date trading and has touched a low of $27.56 and a high of $55.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IEP stock was last observed hovering at around $28.71 in the last trading session, with the day’s loss setting it -1.07% off its average median price target of $43.00 for the next 12 months. It is also 35.72% off the consensus price target high of $43.00 offered by 1 analysts, but current levels are 35.72% higher than the price target low of $43.00 for the same period.
Currently trading at $27.64, the stock is -28.03% and -40.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.75 million and changing -3.73% at the moment leaves the stock -45.73% off its SMA200. IEP registered -45.33% loss for a year compared to 6-month loss of -46.69%. The firm has a 50-day simple moving average (SMA 50) of $0.75 and a 200-day simple moving average (SMA200) of -$39.80.
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The stock witnessed a -46.62% gain in the last 1 month and extending the period to 3 months gives it a -48.71%, and is -19.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.85% over the week and 9.56% over the month.
Icahn Enterprises L.P. (IEP) has around 20000 employees, a market worth around $10.99B and $12.38B in sales. Fwd P/E is 24.25. Profit margin for the company is -6.10%. Distance from 52-week low is 0.29% and -49.89% from its 52-week high. The company has generated returns on investments over the last 12 months (2.70%).
Icahn Enterprises L.P. (IEP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Icahn Enterprises L.P. (IEP) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Icahn Enterprises L.P. is expected to release its quarterly report on 08/04/2023.The EPS is expected to grow by 75.60% this year.
Icahn Enterprises L.P. (IEP) Top Institutional Holders
The shares outstanding are 354.00M, and float is at 336.90M with Short Float at 0.56%.
Icahn Enterprises L.P. (IEP) Insider Activity
A total of 1 insider transactions have happened at Icahn Enterprises L.P. (IEP) in the last six months, with sales accounting for 0 and purchases happening 1 times.
Icahn Enterprises L.P. (IEP): Who are the competitors?
The company’s main competitors (and peers) include Advance Auto Parts Inc. (AAP) that is trading -35.80% down over the past 12 months and O’Reilly Automotive Inc. (ORLY) that is 59.28% higher over the same period. AutoZone Inc. (AZO) is 39.04% up on the 1-year trading charts.