ICL Group’s (ICL) “Hold (C)” Rating Reiterated at Weiss Ratings

ICL Group (NYSE:ICL)‘s stock had its “hold (c)” rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Morgan Stanley lifted their target price on ICL Group from $5.80 to $6.20 and gave the stock an “equal weight” rating in a report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ICL Group presently has a consensus rating of “Hold” and an average price target of $6.57.

ICL Group Trading Up 0.8%

ICL Group stock opened at $6.45 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. ICL Group has a 52 week low of $3.91 and a 52 week high of $7.35. The stock has a 50-day moving average price of $6.20 and a 200 day moving average price of $6.44.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. ICL Group had a return on equity of 7.51% and a net margin of 5.28%.The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Research analysts predict that ICL Group will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MAI Capital Management lifted its holdings in ICL Group by 2,055.0% in the second quarter. MAI Capital Management now owns 4,310 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,110 shares during the period. CWM LLC raised its stake 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 buying an additional 1,581 shares during the period. Simon Quick Advisors LLC acquired a new position in shares of ICL Group during the 1st quarter worth approximately $64,000. Truist Financial Corp acquired a new position in shares of ICL Group during the 2nd quarter worth approximately $69,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of ICL Group during the 2nd quarter worth approximately $72,000. 13.38% of the stock is owned by institutional investors and hedge funds.

About ICL Group

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.