ICL Group Ltd (NYSE:ICL – Get Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,060,000 shares, an increase of 61.9% from the February 13th total of 1,890,000 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 933,800 shares, the days-to-cover ratio is presently 3.3 days.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on ICL shares. BMO Capital Markets lifted their price objective on shares of ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Barclays lifted their price objective on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th.
Check Out Our Latest Stock Analysis on ICL Group
Hedge Funds Weigh In On ICL Group
ICL Group Stock Up 2.0 %
ICL traded up $0.13 during mid-day trading on Friday, reaching $6.25. 331,325 shares of the stock were exchanged, compared to its average volume of 937,174. The company has a 50 day moving average price of $5.90 and a two-hundred day moving average price of $4.93. 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 market capitalization of $8.20 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 7.10 and a beta of 1.21. ICL Group has a 1 year low of $3.79 and a 1 year high of $6.57.
ICL Group (NYSE:ICL – Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. As a group, research analysts anticipate that ICL Group will post 0.37 EPS for the current year.
ICL Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th will be issued a $0.0403 dividend. This is an increase from ICL Group’s previous quarterly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Wednesday, March 12th. ICL Group’s payout ratio is 50.00%.
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.
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