ICL Group (NYSE:ICL) Raised to Equal Weight at Barclays

ICL Group (NYSE:ICL) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage presently has a $6.00 price target on the basic materials company’s stock, up from their prior price target of $4.00. Barclays‘s price objective would suggest a potential downside of 1.07% from the stock’s current price.

Separately, StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

ICL Group Price Performance

NYSE:ICL opened at $6.07 on Tuesday. ICL Group has a one year low of $3.79 and a one year high of $6.18. The stock has a market cap of $7.97 billion, a PE ratio of 19.56, a P/E/G ratio of 6.73 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The stock has a 50 day moving average price of $4.97 and a 200 day moving average price of $4.48.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same quarter in the previous year, the firm earned $0.11 EPS. Equities research analysts expect that ICL Group will post 0.37 EPS for the current fiscal year.

Institutional Trading of ICL Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Claro Advisors LLC boosted its stake in ICL Group by 18.4% during the fourth quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company’s stock worth $91,000 after buying an additional 2,872 shares during the period. Quantbot Technologies LP lifted its holdings in shares of ICL Group by 35.6% in the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 2,985 shares during the last quarter. GW Henssler & Associates Ltd. boosted its position in shares of ICL Group by 18.0% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 3,010 shares during the period. Glenmede Trust Co. NA raised its position in ICL Group by 40.5% in the third quarter. Glenmede Trust Co. NA now owns 14,368 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 4,140 shares during the period. Finally, Inspire Investing LLC lifted its stake in ICL Group by 22.3% during the third quarter. Inspire Investing LLC now owns 24,847 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 4,535 shares in the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

ICL Group Company Profile

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.