BMO Capital Markets Forecasts Strong Price Appreciation for ICL Group (NYSE:ICL) Stock

ICL Group (NYSE:ICL) had its target price hoisted by BMO Capital Markets from $6.00 to $6.50 in a report released on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ target price indicates a potential upside of 8.06% from the stock’s previous close.

A number of other analysts have also commented on the company. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $4.00 to $6.00 in a research note on Tuesday, January 21st.

ICL Group Stock Performance

NYSE ICL opened at $6.02 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The company has a fifty day moving average price of $5.67 and a 200-day moving average price of $4.80. ICL Group has a 1 year low of $3.79 and a 1 year high of $6.57. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 7.10 and a beta of 1.23.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. As a group, equities research analysts predict that ICL Group will post 0.37 EPS for the current fiscal year.

Institutional Trading of ICL Group

A number of large investors have recently bought and sold shares of ICL. Lindbrook Capital LLC lifted its position in shares of ICL Group by 56.8% during the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,910 shares during the last quarter. GeoWealth Management LLC raised its stake in ICL Group by 754.0% in the 4th quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 6,575 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in ICL Group by 223.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 7,405 shares during the last quarter. Savant Capital LLC bought a new position in ICL Group during the fourth quarter worth about $54,000. Finally, Quantbot Technologies LP increased its stake in shares of ICL Group by 35.6% in the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,985 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.