Disclaimer: The TipRanks Smart Score performance is based on backtested results. Backtested performance is not an indicator of future actual results. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations and warranties are made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from backtested performance. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Please note all regulatory considerations regarding the presentation of fees must be taken into account. No cash balance or cash flow is included in the calculation.
FAQs
Icahn Enterprises (IEP) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com? ›
IEP Financial Forecast
Is IEP a good stock to buy? ›The Icahn Enterprises stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
What is the target price for Icahn Enterprises? ›| High | $25.00 |
|---|---|
| Low | $25.00 |
| Average | $25.00 |
| Current Price | $16.89 |
| Average Recommendation | Buy |
|---|---|
| Year Ago Earnings | -1.15 |
| Current Quarter's Estimate | 0.25 |
| Current Year's Estimate | 0.93 |
| Median PE on CY Estimate | N/A |
| Owner Name | Date | Shares Held |
|---|---|---|
| Icahn Carl C | 12/31/2023 | 367,879,902 |
| Morgan Stanley | 12/31/2023 | 1,571,404 |
| First Trust Advisors Lp | 12/31/2023 | 407,999 |
| Geode Capital Management, Llc | 12/31/2023 | 333,931 |
While it's always important to take any Hindenburg report with a grain of salt, IEP does have problems purely from a stock analysis standpoint - while the upside potential is fair, the stock has poor safety and timing. Before you invest, check VectorVest!
Is IEP a stable stock? ›Stable Share Price: IEP's share price has been volatile over the past 3 months. Volatility Over Time: IEP's weekly volatility has decreased from 10% to 5% over the past year.
What is the IEP stock forecast for 2024? ›According to our current IEP stock forecast, the value of Icahn Enterprises LP shares will rise by 1.19% and reach $ 17.18 per share by April 27, 2024.
Is IEP undervalued? ›Intrinsic Value. The intrinsic value of one IEP stock under the Base Case scenario is 28.96 USD. Compared to the current market price of 17 USD, Icahn Enterprises LP is Undervalued by 41%.
What is the next ex dividend date for IEP? ›| Summary | Previous dividend | Next dividend |
|---|---|---|
| Type | Quarterly | Quarterly |
| Per share | 100c | Sign Up Required |
| Declaration date | 26 Feb 2024 (Mon) | 08 May 2024 (Wed) |
| Ex-div date | 08 Mar 2024 (Fri) | 17 May 2024 (Fri) |
What is the fair value of IEP stock? ›
| Range | Selected | |
|---|---|---|
| DCF (Growth 10y) | 22.08 - 58.07 | 33.26 |
| DCF (EBITDA 5y) | 5.62 - 16.92 | 11.07 |
| DCF (EBITDA 10y) | 16.13 - 33.89 | 24.34 |
| Fair Value | -7.82 - -7.82 | -7.82 |
Earnings Summary
Look out for IEP's next earnings release expected on May 08, 2024. For the next earning release, we expect the company to report earnings of $0.25 per share, reflecting a year-over-year increase of 133.33%.
Number of shares outstanding as of April 2024 : 394,000,000
According to Icahn Enterprises 's latest financial reports and stock price the company's current number of shares outstanding is 394,000,000. At the end of 2023 the company had 394,000,000 shares outstanding.
Icahn Enterprises (IEP)
The biggest ownership interest of all the assets held is in the MLP itself, Icahn Enterprise (NASDAQ: IEP). IEP stock represents 57.9% of the total portfolio value, worth some $6.3 billion. He owns some 367.9 million shares of the company or 86% of the total.
Icahn Enterprises is bordering on breakeven, according to some American Industrials analysts. They expect the company to post a final loss in 2022, before turning a profit of US$38m in 2023. The company is therefore projected to breakeven around a year from now or less!
Who owns IEP stock? ›Largest shareholders include Icahn Carl C, Morgan Stanley, Group One Trading, L.p., Susquehanna International Group, Llp, Group One Trading, L.p., MDIV - Multi-Asset Diversified Income Index Fund, First Trust Advisors Lp, Citadel Advisors Llc, Geode Capital Management, Llc, and Susquehanna International Group, Llp .
How high will IEP stock go? ›According to our current IEP stock forecast, the value of Icahn Enterprises LP shares will rise by 2.82% and reach $ 17.56 per share by April 22, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).