Icahn Enterprises L P [NASDAQ: IEP] price surged by 14.54 percent to reach at $1.57.
The one-year IEP stock forecast points to a potential upside of 50.52. The average equity rating for IEP stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Icahn Enterprises L P [IEP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IEP shares is $25.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IEP stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Icahn Enterprises L P shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 03, 2017. While these analysts kept the previous recommendation, UBS dropped their target price from $52 to $30. The new note on the price target was released on August 18, 2016, representing the official price target for Icahn Enterprises L P stock. Previously, the target price had yet another raise from $88 to $93, while UBS kept a Neutral rating on IEP stock.
The Average True Range (ATR) for Icahn Enterprises L P is set at 0.72, with the Price to Sales ratio for IEP stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 1.68, with the Price to Cash per share for the same quarter was set at 11.90. Price to Free Cash Flow for IEP in the course of the last twelve months was 2.81 with Quick ratio for the last quarter at 2.83.
IEP Stock Performance Analysis:
Icahn Enterprises L P [IEP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.03. With this latest performance, IEP shares dropped by -26.33% in over the last four-week period, additionally sinking by -29.19% over the last 6 months – not to mention a drop of -40.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IEP stock in for the last two-week period is set at 43.22, with the RSI for the last a single of trading hit 51.17, and the three-weeks RSI is set at 40.17 for Icahn Enterprises L P [IEP]. The present Moving Average for the last 50 days of trading for this stock 15.36, while it was recorded at 10.73 for the last single week of trading, and 16.93 for the last 200 days.
Insight into Icahn Enterprises L P Fundamentals:
Icahn Enterprises L P’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.83 and a Current Ratio set at 3.14.
Icahn Enterprises L P [IEP] Institutonal Ownership Details
There are presently around $86.31%, or 86.41%% of IEP stock, in the hands of institutional investors. The top three institutional holders of IEP stocks are: ICAHN CARL C with ownership of 406.31 million shares, which is approximately 94.7119%. SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 1.11 million shares of the stock with an approximate value of $$18.21 million in IEP stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $$15.25 million in IEP stock with ownership which is approximately 0.2157%.
