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

ICL Group (NYSE:ICL) was upgraded by equities researchers at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The firm presently has a $6.00 price objective on the basic materials company’s stock, up from their prior price objective of $4.00. Barclays‘s price objective would indicate a potential upside of 1.61% from the company’s previous close.

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

ICL Group Trading Up 3.4 %

Shares of ICL stock opened at $5.91 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.76 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 6.73 and a beta of 1.22. The business has a 50-day moving average price of $4.94 and a two-hundred day moving average price of $4.47. ICL Group has a 12-month low of $3.79 and a 12-month high of $5.94.

ICL Group (NYSE:ICL) last issued its earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $1.75 billion during 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 prior year, the firm earned $0.11 earnings per share. Equities analysts anticipate that ICL Group will post 0.37 EPS for the current fiscal year.

Institutional Trading of ICL Group

A number of institutional investors have recently made changes to their positions in ICL. Crossmark Global Holdings Inc. increased its stake in shares of ICL Group by 10.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 1,733,773 shares of the basic materials company’s stock worth $8,564,000 after buying an additional 159,910 shares during the period. Ballentine Partners LLC grew its holdings in ICL Group by 61.2% in the 4th quarter. Ballentine Partners LLC now owns 34,790 shares of the basic materials company’s stock worth $172,000 after acquiring an additional 13,212 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of ICL Group by 223.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 7,405 shares during the period. Kathmere Capital Management LLC bought a new position in shares of ICL Group during the fourth quarter valued at about $141,000. Finally, Ignite Planners LLC boosted its holdings in shares of ICL Group by 5.1% during the fourth quarter. Ignite Planners LLC now owns 157,515 shares of the basic materials company’s stock worth $797,000 after purchasing an additional 7,598 shares during the period. 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.