StockNews.com Upgrades ICL Group (NYSE:ICL) to Strong-Buy

ICL Group (NYSE:ICL) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Separately, Barclays decreased their price target on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Friday, August 16th.

ICL Group Stock Performance

NYSE ICL opened at $4.29 on Tuesday. ICL Group has a 1 year low of $3.79 and a 1 year high of $5.54. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 6.02 and a beta of 1.23. The firm’s 50 day simple moving average is $4.11 and its 200 day simple moving average is $4.35.

ICL Group (NYSE:ICL) last issued its earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.35%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.11 earnings per share. As a group, research analysts expect that ICL Group will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ICL Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC boosted its holdings in ICL Group by 23.6% during the first quarter. Inspire Investing LLC now owns 21,774 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 4,162 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in ICL Group during the first quarter worth about $82,000. Vanguard Group Inc. boosted its stake in ICL Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock valued at $136,043,000 after acquiring an additional 392,805 shares during the last quarter. PEAK6 Investments LLC purchased a new position in ICL Group in the first quarter valued at about $363,000. Finally, SVB Wealth LLC boosted its stake in ICL Group by 66.0% in the first quarter. SVB Wealth LLC now owns 16,875 shares of the basic materials company’s stock valued at $91,000 after acquiring an additional 6,709 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

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.