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

ICL Group (NYSE:ICL) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a research note on Monday, December 29th. Barclays reduced their price objective on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.10.

ICL Group Stock Down 2.5%

NYSE:ICL opened at $4.80 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.71 and a current ratio of 1.33. ICL Group has a 52 week low of $4.76 and a 52 week high of $7.35. The stock’s 50-day moving average price is $5.46 and its 200-day moving average price is $5.79.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. ICL Group had a return on equity of 7.44% and a net margin of 3.16%.The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. Sell-side analysts predict that ICL Group will post 0.37 EPS for the current year.

Institutional Investors Weigh In On ICL Group

A number of hedge funds have recently modified their holdings of the business. CWM LLC grew its holdings in shares of 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 purchasing an additional 1,581 shares during the period. Inspire Investing LLC raised its position in 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 purchasing an additional 1,736 shares during the period. Choreo LLC lifted its stake in ICL Group by 14.7% during the second quarter. Choreo LLC now owns 14,158 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 1,812 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in ICL Group by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 127,979 shares of the basic materials company’s stock worth $734,000 after purchasing an additional 2,045 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in shares of ICL Group by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 36,306 shares of the basic materials company’s stock worth $249,000 after buying an additional 2,097 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

About ICL Group

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.