ICL Group (NYSE:ICL) Sets New 1-Year High – Still a Buy?

Shares of ICL Group Ltd (NYSE:ICL) reached a new 52-week high on Tuesday . The stock traded as high as $6.45 and last traded at $6.43, with a volume of 1623842 shares traded. The stock had previously closed at $6.10.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Barclays raised ICL Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $4.00 to $6.00 in a research report on Tuesday, January 21st.

ICL Group Price Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The firm has a market cap of $8.53 billion, a PE ratio of 21.08, a P/E/G ratio of 7.10 and a beta of 1.23. The business’s fifty day moving average is $5.57 and its 200-day moving average is $4.75.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Meitav Investment House Ltd. boosted its stake in ICL Group by 21.3% in the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after purchasing an additional 3,606,357 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of ICL Group in the 3rd quarter worth about $11,967,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its position in ICL Group by 106.0% during the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company’s stock valued at $22,584,000 after acquiring an additional 2,356,324 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of ICL Group by 15.1% during the 4th quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company’s stock valued at $81,334,000 after purchasing an additional 2,161,715 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of ICL Group in the third quarter worth about $6,689,000. 13.38% of the stock is currently owned by hedge funds and other 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.