A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Israel Chemicals from a hold rating to a buy rating and set a $5.25 price target on the stock in a research report on Tuesday. ValuEngine raised shares of Israel Chemicals from a hold rating to a buy rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $5.00.
Israel Chemicals (NYSE:ICL) opened at $4.49 on Friday. Israel Chemicals has a 52 week low of $3.85 and a 52 week high of $4.95. The stock has a market cap of $5,840.50, a P/E ratio of 16.04 and a beta of 1.06. The company has a quick ratio of 0.64, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Delek Group Ltd. bought a new position in shares of Israel Chemicals during the fourth quarter worth $16,093,000. Meitav Dash Investments Ltd. bought a new position in shares of Israel Chemicals during the fourth quarter worth $24,290,000. Macquarie Group Ltd. boosted its position in shares of Israel Chemicals by 2,580.3% during the fourth quarter. Macquarie Group Ltd. now owns 61,780 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 59,475 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Israel Chemicals during the fourth quarter worth $417,000. Finally, Millennium Management LLC boosted its position in shares of Israel Chemicals by 260.5% during the fourth quarter. Millennium Management LLC now owns 323,850 shares of the basic materials company’s stock worth $1,308,000 after purchasing an additional 234,027 shares in the last quarter. 7.96% of the stock is currently owned by institutional investors.
Israel Chemicals 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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