S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: World shares mostly lower as Congress averts a US government shutdown
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: World shares mostly lower as Congress averts a US government shutdown
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: World shares mostly lower as Congress averts a US government shutdown
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: World shares mostly lower as Congress averts a US government shutdown
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
NASDAQ:IEP

Icahn Enterprises (IEP) Stock Forecast, Price & News

$19.78
-0.32 (-1.59%)
(As of 09/29/2023 08:53 PM ET)
Compare
Today's Range
$19.78
$20.58
50-Day Range
$19.45
$34.67
52-Week Range
$18.03
$55.10
Volume
547,500 shs
Average Volume
1.52 million shs
Market Capitalization
$7.78 billion
P/E Ratio
N/A
Dividend Yield
20.22%
Price Target
$27.00

Icahn Enterprises MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
36.5% Upside
$27.00 Price Target
Short Interest
Healthy
1.27% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Icahn Enterprises in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.74) to $1.41 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Multi-Sector Conglomerates Sector

7th out of 18 stocks

Motor Vehicle Parts & Accessories Industry

13th out of 34 stocks


IEP stock logo

About Icahn Enterprises (NASDAQ:IEP) Stock

Icahn Enterprises L.P. is a diversified holding company headquartered in Miami, Florida. Founded in 1987 by American businessman and investor Carl Icahn, the company operates through a range of subsidiaries and affiliates across various industries, including automotive, energy, real estate, gaming, and food packaging. Icahn's mission is to create long-term value for its shareholders by investing in companies with strong fundamentals and growth potential.

Icahn Enterprises' portfolio includes well-known brands and companies like Federal-Mogul, Tropicana Entertainment, CVR Energy, and PSC Metals. The company's target market includes institutional investors, high-net-worth individuals, and family offices seeking exposure to diverse assets.

Icahn's management team is led by David Willetts, who was appointed Chief Executive Officer in November 2021. Before being appointed CEO, he served as Icahn Enterprises' Chief Financial Officer for approximately six months. Before that, he served as a director of Viskase Companies Inc., a meat casing manufacturing company. 

The company has a market capitalization of approximately $11 billion. For the past several years, it has posted growing revenue numbers but has also been posting net income losses. The company's debt levels have increased in recent years. However, Icahn Enterprises' cash and cash equivalents are sufficient enough to provide some liquidity to the company.

Icahn Enterprises L.P. trades at a price-to-earnings ratio below the industry average, suggesting that the company's stock may be undervalued relative to its peers. The company's price-to-book ratio is also lower than the industry average.

Factors driving the company's valuation include its diversified portfolio of businesses, its strong leadership team, and the potential for growth through acquisitions and strategic investments. In addition, the company's recent efforts to divest non-core assets and focus on higher-growth areas have also been well received by investors.

Icahn Enterprises L.P. operates in the financial services industry, which includes companies involved in investment banking, asset management, insurance, and other financial services. The industry is highly competitive and subject to regulatory and political risks.

One of the company's competitive advantages is its diversified portfolio of businesses, which includes investments in a wide range of industries, such as energy, automotive, and real estate. This diversification helps to mitigate some of the risks associated with operating in a single sector and provides the company with multiple avenues for growth.

The company also faces challenges from regulatory and political risks, including changes in tax laws and regulations that could impact its profitability. In addition, the financial services industry is subject to economic cycles and market fluctuations, which could affect the company's financial performance.

Icahn Enterprises L.P. has several potential growth opportunities, including acquisitions, strategic investments, and expansion into new markets. The company has a strong track record of successful investments, and its leadership team has a wealth of experience in identifying and capitalizing on attractive investment opportunities.

Icahn Enterprises faces several challenges that could impact its growth prospects. One of the main challenges facing the company is the regulatory environment. The company is subject to various regulatory requirements, including environmental, health, and safety regulations, which could limit its operations or increase its compliance costs.

Another challenge facing Icahn Enterprises is the competitive landscape. The company faces stiff competition from established players in its various business segments. Some of its competitors have larger market shares, stronger brand recognition, and more extensive resources, which could limit Icahn Enterprises' ability to compete effectively.

Icahn Enterprises is exposed to market risks, such as fluctuations in commodity prices, interest rates, and foreign exchange rates. These risks could impact the company's financial performance, mainly if they occur in combination.

IEP Price History

IEP Stock News Headlines

Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Jim Cramer Recommends Selling These 12 Stocks
Carl Icahn Increases Stake in Southwest Gas Holdings Inc
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Tracking Carl Icahn's Portfolio - Q2 2023 Update
Why Icahn Enterprises Stock Dipped (Again) This Week
Icahn has problems?
See More Headlines
Receive IEP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Icahn Enterprises and its competitors with MarketBeat's FREE daily newsletter.

IEP Company Calendar

Last Earnings
8/04/2023
Ex-Dividend for 9/27 Dividend
8/17/2023
Dividend Payable
9/27/2023
Today
10/02/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:IEP
Employees
20,041
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$27.00
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+36.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-183,000,000.00
Pretax Margin
-12.54%

Debt

Sales & Book Value

Annual Sales
$12.82 billion
Cash Flow
$0.97 per share
Book Value
$28.32 per share

Miscellaneous

Free Float
38,952,000
Market Cap
$7.78 billion
Optionable
Optionable
Beta
0.91

Social Links

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

  • Mr. David P. Willetts (Age 47)
    Pres, CEO & Director of Icahn Enterprises GP, Inc.
    Comp: $2.55M
  • Mr. Ted Papapostolou (Age 42)
    CFO, Director & Sec. of Icahn Enterprises G.P. Inc
    Comp: $660.76k
  • Mr. Angel Montalvo
    Investor Relations Contact
  • Mr. Jesse A. Lynn (Age 52)
    Gen. Counsel
  • Mr. Robert E. Flint
    Chief Audit Exec.













IEP Stock - Frequently Asked Questions

Should I buy or sell Icahn Enterprises stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Icahn Enterprises in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" IEP shares.
View IEP analyst ratings
or view top-rated stocks.

What is Icahn Enterprises' stock price forecast for 2023?

1 brokerages have issued 1-year price objectives for Icahn Enterprises' shares. Their IEP share price forecasts range from $27.00 to $27.00. On average, they expect the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 36.5% from the stock's current price.
View analysts price targets for IEP
or view top-rated stocks among Wall Street analysts.

How have IEP shares performed in 2023?

Icahn Enterprises' stock was trading at $50.65 at the start of the year. Since then, IEP stock has decreased by 60.9% and is now trading at $19.78.
View the best growth stocks for 2023 here
.

When is Icahn Enterprises' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our IEP earnings forecast
.

How were Icahn Enterprises' earnings last quarter?

Icahn Enterprises L.P. (NASDAQ:IEP) issued its quarterly earnings results on Friday, August, 4th. The conglomerate reported ($0.72) EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.97. The conglomerate had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.66 billion. Icahn Enterprises had a negative net margin of 7.77% and a negative trailing twelve-month return on equity of 10.45%.

How often does Icahn Enterprises pay dividends? What is the dividend yield for Icahn Enterprises?

Icahn Enterprises declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Friday, August 18th will be given a dividend of $1.00 per share on Wednesday, September 27th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 20.22%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for IEP
.

What ETFs hold Icahn Enterprises' stock?

ETFs with the largest weight of Icahn Enterprises (NASDAQ:IEP) stock in their portfolio include Multi-Asset Diversified Income Index Fund (MDIV), Global SuperDividend US ETF (DIV).Global X Alternative Income ETF (ALTY) and

Is Icahn Enterprises a good dividend stock?

Icahn Enterprises (NASDAQ:IEP) pays an annual dividend of $4.00 per share and currently has a dividend yield of 19.90%. IEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for IEP.

What other stocks do shareholders of Icahn Enterprises own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Icahn Enterprises investors own include Energy Transfer (ET), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Pfizer (PFE), AbbVie (ABBV), Walmart (WMT), Bank of America (BAC), Enterprise Products Partners (EPD) and Intel (INTC).

What is Icahn Enterprises' stock symbol?

Icahn Enterprises trades on the NASDAQ under the ticker symbol "IEP."

How do I buy shares of Icahn Enterprises?

Shares of IEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Icahn Enterprises' stock price today?

One share of IEP stock can currently be purchased for approximately $19.78.

How much money does Icahn Enterprises make?

Icahn Enterprises (NASDAQ:IEP) has a market capitalization of $7.78 billion and generates $12.82 billion in revenue each year. The conglomerate earns $-183,000,000.00 in net income (profit) each year or ($2.58) on an earnings per share basis.

How many employees does Icahn Enterprises have?

The company employs 20,041 workers across the globe.

How can I contact Icahn Enterprises?

Icahn Enterprises' mailing address is 16690 COLLINS AVE PH, SUNNY ISLES FL, 33160. The official website for the company is www.ielp.com. The conglomerate can be reached via phone at (305) 422-4100, via email at ir@ielp.com, or via fax at 212-750-5841.

This page (NASDAQ:IEP) was last updated on 10/2/2023 by MarketBeat.com Staff

My Account -