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

ICL Group (NYSE:ICL) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also recently commented on ICL. Barclays lowered their target price on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. Weiss Ratings raised shares of ICL Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.00.

ICL Group Trading Up 0.5%

NYSE:ICL opened at $5.08 on Friday. ICL Group has a 1 year low of $4.76 and a 1 year high of $6.97. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 25.42 and a beta of 0.96. The business has a fifty day moving average of $5.41 and a 200-day moving average of $5.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 1.38.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Wednesday, May 13th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.92 billion. ICL Group had a return on equity of 7.84% and a net margin of 3.52%. Equities analysts predict that ICL Group will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ICL. Farther Finance Advisors LLC grew its holdings in ICL Group by 351.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,157 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 4,014 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in ICL Group in the 4th quarter valued at about $38,000. Boothbay Fund Management LLC acquired a new stake in ICL Group in the 4th quarter valued at about $59,000. Sei Investments Co. bought a new position in shares of ICL Group during the 1st quarter valued at about $54,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of ICL Group during the 2nd quarter valued at about $72,000. Institutional investors own 13.38% of the company’s stock.

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.