ICL Group (NYSE:ICL) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of ICL Group (NYSE:ICL – Get Rating) in a research report sent to investors on Thursday. The firm issued a buy rating on the basic materials company’s stock.

Several other equities analysts have also recently issued reports on ICL. Barclays decreased their price target on ICL Group from $11.00 to $10.00 and set an equal weight rating on the stock in a report on Friday, January 27th. Morgan Stanley decreased their price target on ICL Group from $12.00 to $8.50 and set an equal weight rating on the stock in a report on Wednesday, January 11th.

ICL Group Stock Performance

Shares of NYSE:ICL opened at $6.60 on Thursday. ICL Group has a twelve month low of $6.41 and a twelve month high of $12.96. The firm has a market cap of $8.50 billion, a PE ratio of 3.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.75. The business has a fifty day moving average of $7.52 and a 200-day moving average of $8.06.

ICL Group (NYSE:ICL – Get Rating) last announced its earnings results on Wednesday, February 15th. The basic materials company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $1.99 billion. ICL Group had a return on equity of 42.79% and a net margin of 21.56%. On average, equities research analysts predict that ICL Group will post 0.93 EPS for the current fiscal year.

ICL Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a dividend of $0.104 per share. This represents a $0.42 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend was Tuesday, February 28th. ICL Group’s dividend payout ratio (DPR) is currently 24.55%.

Hedge Funds Weigh In On ICL Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DGS Capital Management LLC bought a new position in ICL Group during the fourth quarter worth about $177,000. Altshuler Shaham Ltd boosted its holdings in ICL Group by 40.4% during the fourth quarter. Altshuler Shaham Ltd now owns 63,555,031 shares of the basic materials company’s stock worth $459,729,000 after buying an additional 18,273,053 shares during the last quarter. CI Private Wealth LLC bought a new position in ICL Group during the fourth quarter worth about $99,000. Thomas White International Ltd. bought a new position in ICL Group during the fourth quarter worth about $469,000. Finally, Lazard Asset Management LLC bought a new position in ICL Group during the fourth quarter worth about $58,000. Institutional investors own 14.13% of the company’s stock.

ICL Group Company Profile

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ICL Group Ltd. engages in the manufacture of mineral-based products for the agriculture, food, and engineered materials markets. Its products include potash and phosphate fertilizers, specialty fertilizers, functional ingredients, flame retardants and magnesia products. The company was founded in 1968 and is headquartered in Tel Aviv, Israel.