ICL Group (NYSE:ICL) Stock Price Up 2.9% – What’s Next?

by · The Markets Daily

ICL Group Ltd (NYSE:ICL – Get Free Report) was up 2.9% during mid-day trading on Monday . The company traded as high as $4.19 and last traded at $4.19. Approximately 294,658 shares were traded during trading, a decline of 62% from the average daily volume of 768,890 shares. The stock had previously closed at $4.07.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com lowered shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 30th. Barclays reduced their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th.

Check Out Our Latest Analysis on ICL

ICL Group Stock Performance

The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 5.71 and a beta of 1.22. The firm’s fifty day moving average price is $4.16 and its 200 day moving average price is $4.41.

ICL Group (NYSE:ICL – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. 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 8.41% and a net margin of 6.08%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the firm earned $0.13 earnings per share. Analysts forecast that ICL Group Ltd will post 0.34 EPS for the current fiscal year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $0.037 dividend. This represents a $0.15 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, September 4th. ICL Group’s dividend payout ratio is currently 37.84%.

Institutional Investors Weigh In On ICL Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in ICL Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock worth $136,043,000 after purchasing an additional 392,805 shares during the period. Y.D. More Investments Ltd increased its stake in shares of ICL Group by 2,927,153.2% during the second quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock worth $62,766,000 after buying an additional 14,635,766 shares during the period. Inspire Investing LLC raised its holdings in ICL Group by 23.6% in the first quarter. Inspire Investing LLC now owns 21,774 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 4,162 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in ICL Group by 8.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock worth $180,000 after acquiring an additional 2,542 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new position in ICL Group during the 1st quarter worth approximately $363,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Company Profile

(Get Free Report)

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.

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