ICL Group (NYSE:ICL) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of ICL Group (NYSE:ICL) from a buy rating to a strong-buy rating in a report published on Tuesday morning.

Separately, Barclays lowered their price objective on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th.

ICL Group Trading Up 0.2 %

Shares of ICL stock opened at $4.42 on Tuesday. The company has a market capitalization of $5.81 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 6.05 and a beta of 1.23. ICL Group has a 52-week low of $3.79 and a 52-week high of $5.54. The business’s fifty day moving average is $4.11 and its 200 day moving average is $4.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 1.56.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same quarter last year, the company posted $0.11 EPS. On average, equities research analysts anticipate that ICL Group will post 0.34 EPS for the current fiscal year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.0133 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.20%. ICL Group’s dividend payout ratio is 48.39%.

Institutional Trading of ICL Group

Several hedge funds and other institutional investors have recently bought and sold shares of ICL. Inspire Investing LLC lifted its holdings in shares of ICL Group by 23.6% in the 1st quarter. Inspire Investing LLC now owns 21,774 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 4,162 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in ICL Group during the first quarter valued at about $82,000. Vanguard Group Inc. grew its stake in shares of ICL Group by 1.6% during the first quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock valued at $136,043,000 after buying an additional 392,805 shares during the last quarter. PEAK6 Investments LLC purchased a new position in shares of ICL Group in the first quarter worth about $363,000. Finally, SVB Wealth LLC lifted its stake in shares of ICL Group by 66.0% in the 1st quarter. SVB Wealth LLC now owns 16,875 shares of the basic materials company’s stock valued at $91,000 after acquiring an additional 6,709 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.