Media stories about Icahn Enterprises (NASDAQ:IEP) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Icahn Enterprises earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the conglomerate an impact score of 47.3530997818367 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research analysts have recently weighed in on IEP shares. ValuEngine cut Icahn Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. BidaskClub lowered Icahn Enterprises from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 20th. Finally, UBS Group reaffirmed a “sell” rating and set a $45.00 price objective (up previously from $42.00) on shares of Icahn Enterprises in a research report on Tuesday, March 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Icahn Enterprises currently has a consensus rating of “Hold” and a consensus target price of $53.00.
Shares of Icahn Enterprises (NASDAQ:IEP) traded down $0.24 on Wednesday, hitting $57.99. 82,339 shares of the stock traded hands, compared to its average volume of 117,637. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $10,239.30, a P/E ratio of 3.96 and a beta of 1.54. Icahn Enterprises has a twelve month low of $47.06 and a twelve month high of $62.79.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, March 12th will be given a dividend of $1.75 per share. The ex-dividend date is Friday, March 9th. This represents a $7.00 dividend on an annualized basis and a yield of 12.07%. This is a positive change from Icahn Enterprises’s previous quarterly dividend of $1.50. Icahn Enterprises’s dividend payout ratio (DPR) is 47.81%.
About Icahn Enterprises
Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.
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