ICL Group (NYSE:ICL) Stock Rating Upgraded by Wall Street Zen

ICL Group (NYSE:ICL) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research firms also recently commented on ICL. Barclays dropped their target price on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a report on Friday, July 31st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, ICL Group currently has a consensus rating of “Hold” and an average price target of $6.00.

ICL Group Trading Up 0.1%

Shares of ICL Group stock opened at $5.55 on Friday. The business has a fifty day simple moving average of $5.20 and a 200-day simple moving average of $5.44. ICL Group has a fifty-two week low of $4.76 and a fifty-two week high of $6.97. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 23.15 and a beta of 0.96. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.41.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. ICL Group had a return on equity of 8.40% and a net margin of 3.95%.The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.01 billion. On average, equities analysts forecast that ICL Group will post 0.44 EPS for the current fiscal year.

Institutional Trading of ICL Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of ICL Group in the first quarter worth about $107,000. Goldman Sachs Group Inc. raised its holdings in shares of ICL Group by 120.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,799 shares of the basic materials company’s stock valued at $23,635,000 after acquiring an additional 2,267,245 shares during the period. United Services Automobile Association lifted its position in shares of ICL Group by 20.4% in the 1st quarter. United Services Automobile Association now owns 26,218 shares of the basic materials company’s stock valued at $153,000 after acquiring an additional 4,438 shares in the last quarter. Rhumbline Advisers lifted its position in shares of ICL Group by 19.4% in the 1st quarter. Rhumbline Advisers now owns 32,793 shares of the basic materials company’s stock valued at $187,000 after acquiring an additional 5,318 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in ICL Group by 35.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 184,891 shares of the basic materials company’s stock worth $1,268,000 after purchasing an additional 47,887 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.