Icahn Enterprises L.P. (NASDAQ:IEP) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other equities analysts have also recently commented on IEP. TheStreet upgraded shares of Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a report on Tuesday. Jefferies Group LLC restated a “buy” rating and set a $61.00 price target on shares of Icahn Enterprises L.P. in a report on Wednesday. Finally, ValuEngine upgraded shares of Icahn Enterprises L.P. from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $50.50.

Shares of Icahn Enterprises L.P. (NASDAQ IEP) opened at 53.10 on Friday. Icahn Enterprises L.P. has a 12-month low of $45.42 and a 12-month high of $64.80. The stock’s 50 day moving average price is $52.36 and its 200 day moving average price is $52.32.

Icahn Enterprises L.P. (NASDAQ:IEP) last posted its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $9.51 EPS for the quarter, beating the consensus estimate of $0.49 by $9.02. Icahn Enterprises L.P. had a net margin of 6.35% and a return on equity of 15.51%. The business had revenue of $6.65 billion for the quarter. Equities research analysts forecast that Icahn Enterprises L.P. will post $1.40 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the company. Citigroup Inc. boosted its stake in shares of Icahn Enterprises L.P. by 6.2% in the second quarter. Citigroup Inc. now owns 5,900,594 shares of the conglomerate’s stock worth $304,825,000 after buying an additional 344,402 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Icahn Enterprises L.P. by 8.8% in the second quarter. Rafferty Asset Management LLC now owns 60,720 shares of the conglomerate’s stock worth $3,137,000 after buying an additional 4,910 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in shares of Icahn Enterprises L.P. by 2.2% in the second quarter. Texas Yale Capital Corp. now owns 59,695 shares of the conglomerate’s stock worth $3,084,000 after buying an additional 1,262 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Icahn Enterprises L.P. by 4.6% in the second quarter. Advisor Group Inc. now owns 8,518 shares of the conglomerate’s stock worth $328,000 after buying an additional 375 shares in the last quarter. Finally, Investment Centers of America Inc. boosted its stake in shares of Icahn Enterprises L.P. by 8.8% in the second quarter. Investment Centers of America Inc. now owns 8,287 shares of the conglomerate’s stock worth $433,000 after buying an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 94.07% of the company’s stock.

About Icahn Enterprises L.P.

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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