Icahn Enterprises Lp Stock Today

IEP Stock  USD 17.16  0.31  1.77%   

Performance

8 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 32

 
100  
 
Zero
Below Average
Icahn Enterprises is selling at 17.16 as of the 19th of March 2024; that is -1.77 percent down since the beginning of the trading day. The stock's last reported lowest price was 17.04. Icahn Enterprises has about a 32 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Icahn Enterprises LP are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
18th of May 1987
Category
Energy
Classification
Industrials
Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida. The company has 429.03 M outstanding shares of which 5.18 M shares are currently shorted by investors with about 6.91 days to cover. More on Icahn Enterprises LP

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  0.69VTNR Vertex Energy Financial Report 14th of May 2024 PairCorr

Icahn Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Icahn Enterprises' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Icahn Enterprises or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOKeith Cozza
Thematic Ideas
(View all Themes)
Business ConcentrationIndustrial Conglomerates, Oil & Gas Refining & Marketing, Industrials, NASDAQ Composite, NASDAQ Composite Total, Adviser Favorites, Automobiles and Trucks, Industrials, Industrial Conglomerates, Conglomerates, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Icahn Enterprises report their recommendations after researching Icahn Enterprises' financial statements, talking to executives and customers, or listening in on Icahn Enterprises' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Icahn Enterprises. The Icahn consensus assessment is calculated by taking the average forecast from all of the analysts covering Icahn Enterprises.
Financial Strength
Based on the key indicators related to Icahn Enterprises' liquidity, profitability, solvency, and operating efficiency, Icahn Enterprises LP is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Icahn Enterprises is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.370.5717
Way Down
Very volatile
Gross Profit Margin0.160.1635
Fairly Down
Slightly volatile
Total Current Liabilities3.2 B4.6 B
Way Down
Pretty Stable
Non Current Liabilities Total9.7 B10.2 B
Notably Down
Slightly volatile
Total Assets13.1 B20.9 B
Way Down
Very volatile
Total Current Assets10.7 B11.9 B
Moderately Down
Pretty Stable
Icahn Enterprises' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Icahn Enterprises' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Icahn Enterprises' financial leverage. It provides some insight into what part of Icahn Enterprises' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Icahn Enterprises' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Icahn Enterprises deploys its capital and how much of that capital is borrowed.
Liquidity
Icahn Enterprises cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 11.21 B in debt with debt to equity (D/E) ratio of 0.77, which is OK given its current industry classification. Icahn Enterprises has a current ratio of 1.69, which is typical for the industry and considered as normal. Debt can assist Icahn Enterprises until it has trouble settling it off, either with new capital or with free cash flow. So, Icahn Enterprises' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Icahn Enterprises sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Icahn to invest in growth at high rates of return. When we think about Icahn Enterprises' use of debt, we should always consider it together with cash and equity.

Capital Expenditures

371.21 Million
Icahn Enterprises LP (IEP) is traded on NASDAQ Exchange in USA. It is located in 16690 Collins Avenue, Sunny Isles Beach, FL, United States, 33160 and employs 15,038 people. Icahn Enterprises is listed under Industrial Conglomerates category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 7.41 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Icahn Enterprises's market, we take the total number of its shares issued and multiply it by Icahn Enterprises's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Icahn Enterprises runs under Industrial Conglomerates sector within Industrials industry. The entity has 429.03 M outstanding shares of which 5.18 M shares are currently shorted by investors with about 6.91 days to cover. Icahn Enterprises LP has about 2.43 B in cash with 3.74 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.21.
Check Icahn Enterprises Probability Of Bankruptcy
Ownership Allocation
Icahn Enterprises LP has a total of 429.03 Million outstanding shares. The majority of Icahn Enterprises outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Icahn Enterprises to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Icahn Enterprises LP. Please pay attention to any change in the institutional holdings of Icahn Enterprises as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Icahn Ownership Details

Icahn Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Icahn Enterprises jumping above the current price in 90 days from now is about 54.56%. The Icahn Enterprises LP probability density function shows the probability of Icahn Enterprises stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Icahn Enterprises has a beta of 0.337. This usually indicates as returns on the market go up, Icahn Enterprises average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Icahn Enterprises LP will be expected to be much smaller as well. Additionally, the company has an alpha of 0.176, implying that it can generate a 0.18 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 17.16HorizonTargetOdds Above 17.16
45.27%90 days
 17.16 
54.56%
Based on a normal probability distribution, the odds of Icahn Enterprises to move above the current price in 90 days from now is about 54.56 (This Icahn Enterprises LP probability density function shows the probability of Icahn Stock to fall within a particular range of prices over 90 days) .

Icahn Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Icahn Enterprises that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Icahn Enterprises' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Icahn Enterprises' value.
InstituionRecorded OnShares
Raymond James Finl Svs Advisors, Inc.2023-09-30
130.8 K
Fishman Jay A Ltd2023-12-31
93.1 K
Ubs Group Ag2023-09-30
85.1 K
Jane Street Group, Llc2023-09-30
84.6 K
Commonwealth Equity Services Inc2023-09-30
82.5 K
Fort Point Capital Partners Llc2023-09-30
80.1 K
Merit Financial Group, Llc2023-09-30
73.4 K
Gsa Capital Partners Llp2023-09-30
65.8 K
Caption Management, Llc2023-09-30
64.3 K
Icahn Carl C2023-09-30
350.8 M
Morgan Stanley - Brokerage Accounts2023-09-30
895.7 K
View Icahn Enterprises Diagnostics

Icahn Enterprises Historical Income Statement

Icahn Enterprises LP Income Statement is one of the three primary financial statements used for reporting Icahn's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Icahn Enterprises revenue and expense. Icahn Enterprises Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Icahn Enterprises' Net Interest Income is relatively stable compared to the past year. View More Fundamentals

Icahn Stock Against Markets

Picking the right benchmark for Icahn Enterprises stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Icahn Enterprises stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Icahn Enterprises is critical whether you are bullish or bearish towards Icahn Enterprises LP at a given time. Please also check how Icahn Enterprises' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Icahn Enterprises without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Icahn Enterprises Corporate Directors

Icahn Enterprises corporate directors refer to members of an Icahn Enterprises board of directors. The board of directors generally takes responsibility for the Icahn Enterprises' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Icahn Enterprises' board members must vote for the resolution. The Icahn Enterprises board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael NevinDirectorProfile
James NelsonIndependent Director of Icahn Enterprises GPProfile
Alvin KrongardDirector of Icahn Enterprises GPProfile
Daniel NinivaggiDirector of Icahn Enterprises GPProfile

How to buy Icahn Stock?

Before investing in Icahn Enterprises, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Icahn Enterprises. To buy Icahn Enterprises stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Icahn Enterprises. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Icahn Enterprises stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Icahn Enterprises LP stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Icahn Enterprises LP stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Icahn Enterprises LP, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Icahn Stock please use our How to Invest in Icahn Enterprises guide.

Already Invested in Icahn Enterprises LP?

The danger of trading Icahn Enterprises LP is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Icahn Enterprises is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Icahn Enterprises. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Icahn Enterprises is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Icahn Enterprises is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Icahn Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Icahn Enterprises Lp Stock. Highlighted below are key reports to facilitate an investment decision about Icahn Enterprises Lp Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icahn Enterprises LP. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Icahn Enterprises information on this page should be used as a complementary analysis to other Icahn Enterprises' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Icahn Stock analysis

When running Icahn Enterprises' price analysis, check to measure Icahn Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Icahn Enterprises is operating at the current time. Most of Icahn Enterprises' value examination focuses on studying past and present price action to predict the probability of Icahn Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icahn Enterprises' price. Additionally, you may evaluate how the addition of Icahn Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is Icahn Enterprises' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icahn Enterprises. If investors know Icahn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icahn Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.631
Dividend Share
6
Earnings Share
(1.75)
Revenue Per Share
28.359
Quarterly Revenue Growth
(0.14)
The market value of Icahn Enterprises is measured differently than its book value, which is the value of Icahn that is recorded on the company's balance sheet. Investors also form their own opinion of Icahn Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Icahn Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icahn Enterprises' market value can be influenced by many factors that don't directly affect Icahn Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icahn Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Icahn Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icahn Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.