ICL Group (NYSE:ICL) Reaches New 1-Year Low – Time to Sell?

ICL Group Ltd. (NYSE:ICL)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as $4.48 and last traded at $4.4650, with a volume of 96,376 shares trading hands. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ICL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ICL Group in a report on Thursday. Wall Street Zen cut shares of ICL Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Finally, Barclays reduced their target price on ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, ICL Group presently has an average rating of “Hold” and a consensus price target of $6.00.

ICL Group Price Performance

The stock has a market capitalization of $5.70 billion, a P/E ratio of 18.40 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.94 and a current ratio of 1.58. The stock has a 50-day simple moving average of $5.24 and a 200 day simple moving average of $5.39.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.01 billion. ICL Group had a return on equity of 8.40% and a net margin of 3.95%. On average, equities analysts forecast that ICL Group Ltd. will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers lifted its position in ICL Group by 4.1% during the 1st quarter. Cetera Investment Advisers now owns 46,335 shares of the basic materials company’s stock worth $240,000 after buying an additional 1,834 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of ICL Group by 3.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 72,816 shares of the basic materials company’s stock valued at $363,000 after buying an additional 2,547 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of ICL Group by 12.7% in the 1st quarter. Inspire Investing LLC now owns 50,354 shares of the basic materials company’s stock valued at $260,000 after buying an additional 5,668 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of ICL Group by 17.7% in the first quarter. PNC Financial Services Group Inc. now owns 50,938 shares of the basic materials company’s stock valued at $264,000 after buying an additional 7,665 shares in the last quarter. Finally, Plan A Wealth LLC grew its stake in shares of ICL Group by 21.0% in the second quarter. Plan A Wealth LLC now owns 46,141 shares of the basic materials company’s stock valued at $230,000 after buying an additional 8,001 shares in the last quarter. Institutional investors 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. Formerly known as Israel Chemicals, the company was established in 1968 and develops, produces and markets mineral-based products for agriculture, food, and industrial applications.

Its agriculture business supplies potash and phosphate-based fertilizers, specialty plant nutrients, and related solutions designed to support crop production. ICL also produces ingredients for the food industry, including specialty phosphates and other functional materials used in food processing and nutrition applications.

The company’s industrial products include bromine-based compounds, flame retardants, water-treatment chemicals, and other specialty chemicals.