Alert: Negative Investment/Fundamental Signals (11/20/23)-Icahn Enterprises LP (NASDAQ: IEP)


Icahn Enterprises LP (NASDAQ: IEP) has recently experienced significant negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.

Icahn Enterprises LP (NASDAQ: IEP). Important negative changes in investment behavior have recently occurred: the stock fell on very heavy volume.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

IEP’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Icahn Enterprises has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Icahn Enterprises has a neutral Appreciation Score of 42 but a poor Power Rating of 16, triggering the Lowest Value Trend Rating.

Recent Price Action

Icahn Enterprises LP (NASDAQ: IEP) stock suffered a large decline of -4.3% on 11/20/23. The stock closed at $16.52. The stock has been extremely weak relative to the market over the last nine months and has declined -15.5% during the last week.

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