Icahn Enterprises (NASDAQ:IEP) Rating Increased to Buy at BidaskClub

Icahn Enterprises (NASDAQ:IEP) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

Separately, UBS Group restated a “buy” rating and set a $25.00 target price on shares of Infineon Technologies in a report on Tuesday, May 7th.

Shares of Icahn Enterprises stock opened at $75.13 on Friday. The firm’s 50-day moving average price is $72.20. Icahn Enterprises has a 12 month low of $50.33 and a 12 month high of $81.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.34 and a quick ratio of 5.34.

Icahn Enterprises (NASDAQ:IEP) last announced its earnings results on Thursday, May 2nd. The conglomerate reported ($2.02) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($2.34). Icahn Enterprises had a net margin of 9.01% and a negative return on equity of 5.55%. The firm had revenue of $1.86 billion for the quarter.

A number of institutional investors have recently made changes to their positions in IEP. Osborn Williams & Donohoe LLC purchased a new position in shares of Icahn Enterprises in the 1st quarter valued at about $36,000. Baldwin Brothers Inc. MA purchased a new position in shares of Icahn Enterprises in the 1st quarter valued at about $36,000. OLD Second National Bank of Aurora boosted its stake in shares of Icahn Enterprises by 92.3% in the 2nd quarter. OLD Second National Bank of Aurora now owns 702 shares of the conglomerate’s stock valued at $51,000 after buying an additional 337 shares during the period. Bremer Bank National Association acquired a new stake in shares of Icahn Enterprises during the 1st quarter worth about $58,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Icahn Enterprises during the 1st quarter worth about $69,000. Institutional investors own 94.28% of the company’s stock.

About Icahn Enterprises

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.

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