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

ICL Group (NYSE:ICL) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. 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 Monday, July 27th. Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.00.

ICL Group Stock Up 0.1%

Shares of ICL Group stock opened at $5.37 on Friday. ICL Group has a one year low of $4.76 and a one year high of $6.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.58 and a quick ratio of 0.94. The stock’s 50-day moving average is $5.44 and its 200 day moving average is $5.48. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 22.35 and a beta of 0.98.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. ICL Group had a return on equity of 8.40% and a net margin of 3.95%.The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Equities research analysts anticipate that ICL Group will post 0.44 EPS for the current year.

Institutional Investors Weigh In On ICL Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. bought a new position in shares of ICL Group in the 1st quarter worth $54,000. R Squared Ltd bought a new stake in ICL Group during the 1st quarter valued at $62,000. Greenspring Advisors LLC acquired a new position in ICL Group during the fourth quarter worth $71,000. Ground Swell Capital LLC acquired a new position in ICL Group during the first quarter worth $69,000. Finally, Keybank National Association OH bought a new position in shares of ICL Group in the first quarter valued at $101,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Company Profile

ICL Group Ltd. (NYSE: ICL) is a global specialty minerals and chemicals company headquartered in Israel. The company develops, produces and markets mineral-based products used in agriculture, food, engineered materials and industrial applications.

ICL’s portfolio includes potash and phosphate fertilizers, specialty fertilizers, crop nutrition products and agriculture-focused solutions. It also produces bromine and bromine-based compounds, phosphates, potash-derived industrial materials and specialty chemicals used in areas such as flame retardants, water treatment, food ingredients and energy storage.

The company traces its origins to Israel’s mineral resources and operates production, research, sales and distribution activities across multiple regions, including Israel, Europe, North America, South America and Asia.