ICL Group (NYSE:ICL – Free Report) had its price objective lowered by Barclays from $4.50 to $4.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an underweight rating on the basic materials company’s stock.
ICL Group Stock Up 0.9 %
Shares of ICL stock opened at $4.29 on Friday. The stock’s 50-day simple moving average is $4.33 and its 200-day simple moving average is $4.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.60. The firm has a market capitalization of $5.64 billion, a PE ratio of 11.59, a P/E/G ratio of 5.90 and a beta of 1.25. ICL Group has a fifty-two week low of $3.80 and a fifty-two week high of $6.16.
ICL Group (NYSE:ICL – Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the company earned $0.13 earnings per share. Equities analysts expect that ICL Group will post 0.33 earnings per share for the current year.
ICL Group Cuts Dividend
Institutional Trading of ICL Group
Hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV boosted its stake in shares of ICL Group by 103.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock worth $38,000 after buying an additional 3,612 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of ICL Group in the first quarter worth about $54,000. SVB Wealth LLC purchased a new position in ICL Group during the fourth quarter worth approximately $51,000. Callan Capital LLC purchased a new position in ICL Group during the first quarter worth approximately $60,000. Finally, Greenleaf Trust purchased a new position in ICL Group during the first quarter worth approximately $63,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.
About ICL Group
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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