Israel Chemicals Shs (NYSE:ICL) Stock Rating Lowered by ValuEngine

Israel Chemicals Shs (NYSE:ICL) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms have also weighed in on ICL. Jefferies Group LLC reiterated a “hold” rating and issued a $5.25 target price (up from $4.75) on shares of Israel Chemicals Shs in a report on Friday, July 14th. Zacks Investment Research lowered shares of Israel Chemicals Shs from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Israel Chemicals Shs from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $4.67.

Shares of Israel Chemicals Shs (ICL) opened at 4.53 on Friday. The company’s market cap is $5.77 billion. The firm has a 50-day moving average of $4.70 and a 200 day moving average of $4.44. Israel Chemicals Shs has a 52 week low of $3.52 and a 52 week high of $4.95.

Israel Chemicals Shs (NYSE:ICL) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.01. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Israel Chemicals Shs had a negative net margin of 3.43% and a positive return on equity of 13.55%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities analysts expect that Israel Chemicals Shs will post $0.29 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of ICL. Wellington Management Group LLP raised its position in Israel Chemicals Shs by 44.8% in the first quarter. Wellington Management Group LLP now owns 23,830 shares of the basic materials company’s stock valued at $101,000 after buying an additional 7,370 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new position in Israel Chemicals Shs during the first quarter valued at $1,032,000. Alliancebernstein L.P. raised its position in Israel Chemicals Shs by 11.0% in the first quarter. Alliancebernstein L.P. now owns 544,416 shares of the basic materials company’s stock valued at $2,319,000 after buying an additional 54,015 shares during the last quarter. Schroder Investment Management Group purchased a new position in Israel Chemicals Shs during the first quarter valued at $508,000. Finally, SG Americas Securities LLC raised its position in Israel Chemicals Shs by 626.4% in the first quarter. SG Americas Securities LLC now owns 103,548 shares of the basic materials company’s stock valued at $441,000 after buying an additional 89,294 shares during the last quarter. Institutional investors own 5.98% of the company’s stock.

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