Israel Chemicals Shs (ICL) Given $4.38 Consensus Target Price by Brokerages

Israel Chemicals Shs (NYSE:ICL) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Analysts have set a 12-month consensus price target of $4.38 for the company and are anticipating that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also assigned Israel Chemicals Shs an industry rank of 111 out of 265 based on the ratings given to its competitors.

A number of analysts recently commented on the company. BidaskClub cut Israel Chemicals Shs from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine cut Israel Chemicals Shs from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $4.50 price objective on shares of Israel Chemicals Shs in a research report on Friday, September 1st.

A number of institutional investors have recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec increased its position in Israel Chemicals Shs by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,103,417 shares of the basic materials company’s stock valued at $4,918,000 after acquiring an additional 21,486 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in Israel Chemicals Shs by 18.6% during the third quarter. Commonwealth Bank of Australia now owns 411,945 shares of the basic materials company’s stock valued at $1,826,000 after purchasing an additional 64,613 shares during the period. Citadel Advisors LLC bought a new stake in Israel Chemicals Shs during the third quarter valued at about $214,000. JPMorgan Chase & Co. grew its holdings in Israel Chemicals Shs by 516.9% during the third quarter. JPMorgan Chase & Co. now owns 168,346 shares of the basic materials company’s stock valued at $748,000 after purchasing an additional 141,059 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Israel Chemicals Shs by 117.2% during the third quarter. Russell Investments Group Ltd. now owns 88,128 shares of the basic materials company’s stock valued at $390,000 after purchasing an additional 47,562 shares during the period. Institutional investors own 6.37% of the company’s stock.

Israel Chemicals Shs (ICL) traded up $0.06 during mid-day trading on Friday, hitting $4.17. The stock had a trading volume of 503,355 shares, compared to its average volume of 185,410. Israel Chemicals Shs has a 52-week low of $3.85 and a 52-week high of $4.95. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $5,241.15, a PE ratio of 14.68 and a beta of 1.16.

Israel Chemicals Shs (NYSE:ICL) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Israel Chemicals Shs had a return on equity of 13.20% and a net margin of 4.47%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. analysts expect that Israel Chemicals Shs will post 0.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Tuesday, December 5th will be given a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Tuesday, December 5th. This is a boost from Israel Chemicals Shs’s previous quarterly dividend of $0.02. Israel Chemicals Shs’s dividend payout ratio is 52.63%.

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Israel Chemicals Shs Company Profile

Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.

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