Is IEP a good stock to buy? (2024)

Is IEP a good stock to buy?

The Icahn Enterprises stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.

What is the future of IEP stock?

IEP Financial Forecast

Next quarter's earnings estimate for IEP is $0.25 with a range of $0.25 to $0.25. The previous quarter's EPS was -$0.33. IEP beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 52.20% of the time in the same period.

Is IEP a good stock to own?

IEP does not have substantial analyst coverage. Notably, just one analyst covers the stock, with a “Strong Buy” rating and a mean target price of $26. This denotes an upside potential of about 51.2% from current levels.

Is IEP undervalued?

Intrinsic Value. The intrinsic value of one IEP stock under the Base Case scenario is 28.96 USD. Compared to the current market price of 17 USD, Icahn Enterprises LP is Undervalued by 41%.

How safe is IEP?

While it's always important to take any Hindenburg report with a grain of salt, IEP does have problems purely from a stock analysis standpoint - while the upside potential is fair, the stock has poor safety and timing. Before you invest, check VectorVest!

Why is IEP tanking?

Hindenburg in May accused billionaire Carl Icahn-owned IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The company's units were overvalued by more than 75%, the short seller had alleged.

Is IEP a stable stock?

Stable Share Price: IEP's share price has been volatile over the past 3 months. Volatility Over Time: IEP's weekly volatility has decreased from 10% to 5% over the past year.

How high will IEP stock go?

According to our current IEP stock forecast, the value of Icahn Enterprises LP shares will rise by 2.82% and reach $ 17.56 per share by April 22, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).

Is IEP profitable?

Icahn Enterprises is bordering on breakeven, according to some American Industrials analysts. They expect the company to post a final loss in 2022, before turning a profit of US$38m in 2023. The company is therefore projected to breakeven around a year from now or less!

Who owns the most IEP stock?

Icahn Enterprises (NASDAQ: IEP) is owned by 87.10% institutional shareholders, 240.39% Icahn Enterprises insiders, and 0.00% retail investors. Carl C. Icahn is the largest individual Icahn Enterprises shareholder, owning 1.03B shares representing 240.28% of the company.

What is the downside of IEP?

Disadvantages of an IEP

IEPs are sometimes the subject of criticism. Some of the most common complaints about IEPs are that they: Set unduly low expectations. Misrepresent the child's educational potential.

Why is IEP stock falling?

Overhaul in the C-suite and falling values

Last spring, Hindenburg Research released a report calling Icahn Enterprises "substantially overvalued" and arguing that IEP relied on a "Ponzi-like" structure to fund its dividend. The stock lost about half of its value following the Hindenburg report and has never recovered.

What are the flaws of IEP?

Common IEP Shortcomings:

Contains low number of educational objectives and no clear methodology to achieve them. Does not encompass a meaningful individualized annual curriculum. Poorly addresses data collection, as well as criteria and timelines for performance evaluation. Sets arbitrary criteria for skill mastery.

Is IEP dividend safe to buy?

Since the start of the year, IEP suffered a loss of more than 36% of equity value. Given that shares are dangling in no-man's-land without long-term horizontal support, I'm fearful of more downside ahead. It's just better to stay away.

How good is IEP dividend?

Based on trailing dividends, the stock currently yields around 30%. It should be noted, however, that the payout was recently reduced from $2 per share to $1 per share. Based on the new rate, the dividend yield is now around 20%. IEP dividend yield data by YCharts.

Is IEP a good dividend stock?

Icahn has 57% of his investment portfolio invested in a single stock: Icahn Enterprises (IEP 0.65%). The stock offers an impressive dividend yield nearing 29% but has faced significant scrutiny over the past year. As a result, its price has fallen 66% since May 2023.

Is IEP losing money?

Financial Performance Overview

For the full year, IEP reported revenues of $10.8 billion and a net loss of $684 million, or $1.75 per depositary unit. This compares to revenues of $14.1 billion and a net loss of $183 million, or $0.57 per depositary unit, for 2022.

How does IEP make money?

Although Icahn has money in dozens of stocks, his top position, by far, is in his own Icahn Enterprises LP (IEP -0.97%). He owns nearly 86% of the holding company, which generates close to two-thirds of its revenue from investments and energy.

Will IEP go under?

Icahn Enterprises' odds of distress is under 33% at this time. It has slight probability of undergoing some form of financial hardship in the near future.

Is IEP a buy or sell stock?

For the last week the stock has had daily average volatility of 1.98%. Our recommended stop-loss: $16.01 (-5.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Is IEP a monthly dividend?

Dividend Information. Icahn Enterprises L.P. has an annual dividend of $4.00 per share, with a forward yield of 23.53%. The dividend is paid every three months and the last ex-dividend date was Mar 8, 2024.

What is the true value of IEP stock?

As of 2024-04-20, the Intrinsic Value of Icahn Enterprises LP (IEP) is 14.15 USD. This IEP valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 17.00 USD, the upside of Icahn Enterprises LP is -16.8%. The range of the Intrinsic Value is 7.69 - 29.03 USD.

What is the IEP stock price prediction for 2024?

Based on the Rule 16, the options market is currently suggesting that Icahn Enterprises LP will have an average daily up or down price movement of about 2.43% per day over the life of the 2024-04-26 option contract. With Icahn Enterprises trading at USD 17.0, that is roughly USD 0.41 .

How long has IEP been paying a dividend?

Historical dividend payout and yield for Icahn Enterprises (IEP) since 1989. The current TTM dividend payout for Icahn Enterprises (IEP) as of April 19, 2024 is $4.00. The current dividend yield for Icahn Enterprises as of April 19, 2024 is 23.53%.

What is IEP invested in?

The Investment segment consists of various private investment funds. The Automotive segment holds ownership in Icahn Automotive Group LLC. The Energy segment holds ownership in CVR Energy, Inc., which owns majority interests in two separate operating subsidiaries, CVR Refining, LP and CVR Partners, LP.