ICL Group (NYSE:ICL) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of ICL Group (NYSE:ICL) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

ICL has been the topic of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a report on Friday, July 31st. Barclays decreased their target price on ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.00.

ICL Group Trading Down 3.0%

Shares of ICL Group stock opened at $5.37 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.58 and a quick ratio of 0.94. The business has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $5.48. ICL Group has a 1 year low of $4.76 and a 1 year high of $6.97. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 22.35 and a beta of 0.98.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.01 billion. ICL Group had a net margin of 3.95% and a return on equity of 8.40%. Research analysts forecast that ICL Group will post 0.44 EPS for the current year.

ICL Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a $0.0581 dividend. This is a positive change from ICL Group’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, September 2nd. This represents a $0.23 annualized dividend and a yield of 4.3%. ICL Group’s dividend payout ratio is presently 70.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. bought a new position in shares of ICL Group during the first quarter worth approximately $54,000. R Squared Ltd bought a new stake in shares of ICL Group in the first quarter valued at approximately $62,000. Ground Swell Capital LLC bought a new stake in shares of ICL Group in the first quarter valued at approximately $69,000. Greenspring Advisors LLC acquired a new stake in ICL Group during the fourth quarter worth approximately $71,000. Finally, Keybank National Association OH acquired a new stake in ICL Group during the first quarter worth approximately $101,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Company Profile

ICL Group Ltd. (NYSE: ICL) is a global specialty minerals and chemicals company headquartered in Israel. The company develops, produces and markets mineral-based products used in agriculture, food, engineered materials and industrial applications.

ICL’s portfolio includes potash and phosphate fertilizers, specialty fertilizers, crop nutrition products and agriculture-focused solutions. It also produces bromine and bromine-based compounds, phosphates, potash-derived industrial materials and specialty chemicals used in areas such as flame retardants, water treatment, food ingredients and energy storage.

The company traces its origins to Israel’s mineral resources and operates production, research, sales and distribution activities across multiple regions, including Israel, Europe, North America, South America and Asia.