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

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

A number of other analysts have also weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of ICL Group in a research note on Monday. Barclays decreased their price objective on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.23.

ICL Group Stock Performance

NYSE:ICL opened at $5.00 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.30. ICL Group has a 1 year low of $4.70 and a 1 year high of $7.35. The firm has a 50 day moving average of $5.74 and a 200-day moving average of $6.23.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 7.24% and a net margin of 5.23%.The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.95 billion. Equities research analysts expect that ICL Group will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ICL. CWM LLC boosted its stake in shares of ICL Group by 23.7% in the 2nd quarter. CWM LLC now owns 8,248 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 1,581 shares during the last quarter. Inspire Investing LLC lifted its holdings in ICL Group by 5.0% in the third quarter. Inspire Investing LLC now owns 36,368 shares of the basic materials company’s stock valued at $227,000 after buying an additional 1,736 shares during the period. Choreo LLC lifted its holdings in ICL Group by 14.7% in the second quarter. Choreo LLC now owns 14,158 shares of the basic materials company’s stock valued at $97,000 after buying an additional 1,812 shares during the period. Ieq Capital LLC boosted its stake in ICL Group by 8.2% in the first quarter. Ieq Capital LLC now owns 25,717 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 1,952 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in ICL Group by 6.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 36,306 shares of the basic materials company’s stock worth $249,000 after acquiring an additional 2,097 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.