ICL Group (NYSE:ICL) Upgraded by Wall Street Zen to “Buy” Rating

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

Other equities research analysts also recently issued reports about the stock. Barclays decreased their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of ICL Group in a research note on Monday, December 29th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.23.

ICL Group Stock Down 0.1%

Shares of NYSE:ICL opened at $5.73 on Friday. ICL Group has a twelve month low of $4.85 and a twelve month high of $7.35. The stock’s 50 day moving average is $5.39 and its 200-day moving average is $5.86. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a net margin of 5.23% and a return on equity of 7.24%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.95 billion. As a group, equities research analysts predict that ICL Group will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On ICL Group

Several hedge funds have recently modified their holdings of ICL. MAI Capital Management lifted its holdings in ICL Group by 2,055.0% during the second quarter. MAI Capital Management now owns 4,310 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 4,110 shares during the period. Farther Finance Advisors LLC raised its stake in shares of ICL Group by 351.2% during the 4th quarter. Farther Finance Advisors LLC now owns 5,157 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 4,014 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of ICL Group in the 4th quarter worth about $38,000. CWM LLC grew its position in ICL Group by 23.7% during the second quarter. CWM LLC now owns 8,248 shares of the basic materials company’s stock valued at $57,000 after buying an additional 1,581 shares during the period. Finally, Truist Financial Corp purchased a new stake in ICL Group during the second quarter worth about $69,000. Institutional investors 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.