Barclays Issues Pessimistic Forecast for ICL Group (NYSE:ICL) Stock Price

ICL Group (NYSE:ICL) had its price objective dropped by equities researchers at Barclays from $7.00 to $6.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s price objective would indicate a potential upside of 10.40% from the company’s current price.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.23.

ICL Group Stock Down 1.0%

NYSE ICL opened at $5.44 on Thursday. The business’s fifty day simple moving average is $6.23 and its 200-day simple moving average is $6.48. The company has a quick ratio of 1.05, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.14 billion, a PE ratio of 18.74 and a beta of 1.12. ICL Group has a 52 week low of $4.34 and a 52 week high of $7.35.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, November 12th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.95 billion. ICL Group had a net margin of 5.28% and a return on equity of 7.51%. As a group, equities analysts anticipate that ICL Group will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CWM LLC lifted its holdings in ICL Group by 23.7% during the 2nd quarter. CWM LLC now owns 8,248 shares of the basic materials company’s stock worth $57,000 after buying an additional 1,581 shares in the last quarter. M&T Bank Corp increased its position in shares of ICL Group by 13.0% during the first quarter. M&T Bank Corp now owns 14,925 shares of the basic materials company’s stock worth $85,000 after acquiring an additional 1,716 shares during the period. Inspire Investing LLC raised its stake in shares of ICL Group by 5.0% in the third quarter. Inspire Investing LLC now owns 36,368 shares of the basic materials company’s stock valued at $227,000 after acquiring an additional 1,736 shares in the last quarter. Choreo LLC boosted its holdings in ICL Group by 14.7% in the second quarter. Choreo LLC now owns 14,158 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 1,812 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in ICL Group by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 47,719 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 1,890 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.