Icahn Enterprises (IEP) Getting Somewhat Favorable Media Coverage, Analysis Finds
Media stories about Icahn Enterprises (NASDAQ:IEP) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Icahn Enterprises earned a news impact score of 0.17 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 47.6821404362667 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Zacks: Icahn Enterprises LP (IEP) Given $42.00 Consensus Price Target by Brokerages (americanbankingnews.com)
- Carl Icahn says ‘creeping inflation’ is biggest investor worry – MarketWatch (marketwatch.com)
- Icahn Enterprises swings to profit, increases quarterly distribution by 17% – MarketWatch (marketwatch.com)
- Icahn Enterprises (IEP) Issues Quarterly Earnings Results, Beats Estimates By $0.84 EPS (americanbankingnews.com)
- Icahn Enterprises L.P. Reports Fourth Quarter and Full Year 2017 Financial Results Nasdaq:IEP (menafn.com)
Icahn Enterprises (IEP) traded up $0.55 during midday trading on Friday, reaching $56.97. The company’s stock had a trading volume of 195,769 shares, compared to its average volume of 90,251. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $9,793.20, a P/E ratio of 3.89 and a beta of 1.54. Icahn Enterprises has a 12 month low of $47.06 and a 12 month high of $59.88.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, March 12th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 12.29%. This is an increase from Icahn Enterprises’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, March 9th. Icahn Enterprises’s payout ratio is presently 10.25%.
IEP has been the topic of several research reports. BidaskClub upgraded Icahn Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. ValuEngine lowered Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, UBS Group lifted their price objective on Icahn Enterprises from $39.00 to $42.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $51.50.
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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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