5 Best Stocks to Buy According to Billionaire Carl Icahn

In this article, we will look at 5 best stocks to buy according to billionaire Carl Icahn. If you want to read about Carl Icahn’s investment career, you can go directly to 10 Best Stocks to Buy According to Billionaire Carl Icahn.

5. Bausch Health Companies (NYSE:BHC)

Icahn Capital’s Stake Value: $793,378,000

Percentage of Icahn Capital’s 13F Portfolio: 3.62%

Number of Hedge Fund Holders: 48

Bausch Health Companies Inc. (NYSE:BHC) manufactures and sells a range of pharmaceutical, medical device, and over-the-counter (OTC) products. This May, Bausch Health Companies Inc. (NYSE:BHC) posted earnings for the fiscal first quarter of 2022. The company registered an EPS of $0.72, missing estimates by $0.30. The company generated revenues of $1.92 billion and missed consensus by $121.51 million.

This May, BMO Capital analyst Gary Nachman cut his price target on Bausch Health Companies Inc. (NYSE:BHC) to $15 from $26 but maintained a Market Perform rating on the shares.

As of March 31, Icahn Capital’s stake in Bausch Health Companies Inc. (NYSE:BHC) is valued at $793.37 million. The investment covers 3.62% of Carl Icahn’s 13F portfolio, making Bausch Health Companies Inc. (NYSE:BHC) rank fifth among the fund’s top 13F holdings. It is one of the best stocks to buy according to billionaire Carl Icahn.

At the end the first quarter of 2022, 48 hedge funds were bullish on Bausch Health Companies (NYSE:BHC) with stakes worth $3.17 billion. This is compared to 53 positions in the fourth quarter of 2021, with stakes worth $3.86 billion.