Icahn Enterprises (IEP) Bonds Trading 2% Lower
An issue of Icahn Enterprises LP (NASDAQ:IEP) bonds fell 2% against their face value during trading on Monday. The high-yield debt issue has a 6.75% coupon and is set to mature on February 1, 2024. The bonds in the issue are now trading at $101.30 and were trading at $103.38 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.
A number of analysts have commented on the company. UBS Group boosted their price objective on Icahn Enterprises from $39.00 to $42.00 and gave the stock a “sell” rating in a report on Wednesday, November 8th. BidaskClub raised Icahn Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, ValuEngine lowered Icahn Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Icahn Enterprises presently has an average rating of “Hold” and an average target price of $51.50.
Icahn Enterprises LP (IEP) traded up $0.43 during mid-day trading on Monday, hitting $55.67. The stock had a trading volume of 89,719 shares, compared to its average volume of 106,832. The company has a market capitalization of $9,440.00, a price-to-earnings ratio of 4.83 and a beta of 1.55. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.00. Icahn Enterprises LP has a 52 week low of $47.06 and a 52 week high of $59.88.
TRADEMARK VIOLATION WARNING: This story was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://theolympiareport.com/2018/02/12/icahn-enterprises-iep-bonds-trading-2-lower.html.
About Icahn Enterprises
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.
Receive News & Ratings for Icahn Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Icahn Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.