Will IEP stock go up? (2024)

Will IEP stock go up?

The Icahn Enterprises LP stock price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on the current trend the price of IEP stock is predicted to rise by 0.87% tomorrow and lose -0.32% in the next 7 days.

Is IEP a buy sell or hold?

The Icahn Enterprises stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.

What is the IEP stock price prediction for 2024?

Based on the Rule 16, the options market is currently suggesting that Icahn Enterprises LP will have an average daily up or down price movement of about 3.08% per day over the life of the 2024-04-19 option contract. With Icahn Enterprises trading at USD 17.08, that is roughly USD 0.53 .

What is the outlook for IEP?

IEP Sales Forecast

Next quarter's sales forecast for IEP is $2.79B with a range of $2.79B to $2.79B. The previous quarter's sales results were $2.96B. IEP beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 50.15% of the time in the same period.

Is IEP a stable stock?

Stable Share Price: IEP has not had significant price volatility in the past 3 months. Volatility Over Time: IEP's weekly volatility has decreased from 10% to 5% over the past year.

Is IEP a safe stock to buy?

The financial health and growth prospects of IEP, demonstrate its potential to perform inline with the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.

Is IEP a good stock to buy now?

The Score for IEP is 37, which is 26% below its historic median score of 50, and infers higher risk than normal. IEP is currently trading in the 30-40% percentile range relative to its historical Stock Score levels.

Who are the largest shareholders of IEP?

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 .

What is the next ex dividend date for IEP?

Icahn Enterprises L P (IEP) has announced a dividend of $1 with an ex date of March 08, 2024 and a payment date of April 18, 2024.

What is the dividend on IEP stocks?

Dividend Information. Icahn Enterprises L.P. has an annual dividend of $4.00 per share, with a forward yield of 23.11%. The dividend is paid every three months and the last ex-dividend date was Mar 8, 2024.

Is IEP profitable?

IEP's ROIC (Return on Invested Capital) has increased in the last 3 years from -10% to -4%, and is approaching profitability. IEP has positive Free Cash Flow for the last twelve months. IEP's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to -4%.

Is IEP undervalued?

For this estimate we use a Discounted Cash Flow model. Significantly Below Fair Value: IEP is trading below fair value by more than 20%.

Why is IEP tanking?

Overhaul in the C-suite and falling values

Last spring, Hindenburg Research released a report calling Icahn Enterprises "substantially overvalued" and arguing that IEP relied on a "Ponzi-like" structure to fund its dividend. The stock lost about half of its value following the Hindenburg report and has never recovered.

Is IEP dividend safe to buy?

As for IEP, the stock has an RV rating of 0.89 - which is below the average, but deemed fair nonetheless. With that said, the stock is overvalued right now - with a current value of just $15. Poor Safety: In terms of risk, IEP has poor safety - as evidenced by the RS rating of 0.73.

Why is IEP stock falling?

Overhaul in the C-suite and falling values

Last spring, Hindenburg Research released a report calling Icahn Enterprises "substantially overvalued" and arguing that IEP relied on a "Ponzi-like" structure to fund its dividend. The stock lost about half of its value following the Hindenburg report and has never recovered.

How good is IEP dividend?

Over the past 5.5 years, IEP has averaged an annual trailing twelve month dividend growth rate of 16.51%. IEP reports a compound annual dividend growth rate of 0.32% over the past 5.5 years. As for free cash flow, IEP has greater average cash flow over the past 5.5 years than merely 1.87% US-listed dividend payers.

What is the true value of IEP stock?

As of 2024-04-17, the Intrinsic Value of Icahn Enterprises LP (IEP) is 14.38 USD. This IEP valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 17.08 USD, the upside of Icahn Enterprises LP is -15.8%.

How does IEP make money?

Although Icahn has money in dozens of stocks, his top position, by far, is in his own Icahn Enterprises LP (IEP -0.97%). He owns nearly 86% of the holding company, which generates close to two-thirds of its revenue from investments and energy.

What stocks have a high yield in 2024?

The four stocks on the NYSE or Nasdaq with the highest forward dividend yield that also trade for $25 or less as of March 2024 include Petrobras, Jiayin Group, Great Elm Capital Corp., and Angel Oak Mortgage REIT.

How long has IEP been paying a dividend?

Historical dividend payout and yield for Icahn Enterprises (IEP) since 1989. The current TTM dividend payout for Icahn Enterprises (IEP) as of April 15, 2024 is $4.00. The current dividend yield for Icahn Enterprises as of April 15, 2024 is 23.11%.

What is IEP invested in?

It operates through following eight business segments: Investment, Automotive, Energy, Food Packaging, Metals, Real Estate, Home Fashion, and Pharma. The Investment segment consists of various private investment funds. The Automotive segment holds ownership in Icahn Automotive Group LLC.

How many shares of IEP are there?

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.

How much cash does IEP have?

Cash on Hand as of December 2023 : $5.96 B

According to Icahn Enterprises 's latest financial reports the company has $5.96 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

How many employees does Carl Icahn have?

Icahn Enterprises L.P. had 15,038 employees on December 31, 2023. The number of employees decreased by 5,003 or -24.96% compared to the previous year.

Who are the competitors of IEP?

Should you be buying Icahn Enterprises stock or one of its competitors? The main competitors of Icahn Enterprises include Allison Transmission (ALSN), BorgWarner (BWA), Lear (LEA), Gentex (GNTX), Federal Signal (FSS), Autoliv (ALV), IAC (IAC), ITT (ITT), Griffon (GFF), and Visteon (VC).