ICL Group (NYSE:ICL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ICL Group (NYSE:ICL) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Other research analysts also recently issued research reports about the stock. Barclays reduced their price target on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, ICL Group currently has an average rating of “Hold” and a consensus target price of $6.10.

ICL Group Price Performance

Shares of NYSE ICL opened at $4.91 on Monday. ICL Group has a fifty-two week low of $4.76 and a fifty-two week high of $7.35. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average price is $5.44 and its 200-day moving average price is $5.77.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. ICL Group had a return on equity of 7.44% and a net margin of 3.16%.The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.77 billion. As a group, equities research analysts forecast that ICL Group will post 0.37 earnings per share for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th will be given a dividend of $0.0465 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.19 dividend on an annualized basis and a yield of 3.8%. ICL Group’s dividend payout ratio (DPR) is presently 82.35%.

Institutional Trading of ICL Group

Several hedge funds have recently modified their holdings of the company. CWM LLC increased its position in shares of ICL Group by 23.7% in the 2nd quarter. CWM LLC now owns 8,248 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 1,581 shares during the period. Inspire Investing LLC grew its stake in ICL Group by 5.0% during the 3rd quarter. Inspire Investing LLC now owns 36,368 shares of the basic materials company’s stock valued at $227,000 after purchasing an additional 1,736 shares during the last quarter. Choreo LLC increased its holdings in shares of ICL Group by 14.7% in the second quarter. Choreo LLC now owns 14,158 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 1,812 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of ICL Group by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 127,979 shares of the basic materials company’s stock valued at $734,000 after purchasing an additional 2,045 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in shares of ICL Group by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 36,306 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 2,097 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Company Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.