ICL Group (NYSE:ICL) Price Target Raised to $7.00

ICL Group (NYSE:ICL) had its target price increased by stock analysts at Barclays from $6.00 to $7.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s price target suggests a potential upside of 18.10% from the stock’s current price.

Several other research firms also recently issued reports on ICL. StockNews.com downgraded ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets raised their price objective on shares of ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, February 27th.

ICL Group Stock Performance

NYSE ICL opened at $5.93 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The company has a fifty day moving average price of $5.71 and a 200-day moving average price of $4.84. ICL Group has a 1 year low of $3.79 and a 1 year high of $6.57. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 7.10 and a beta of 1.23.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. As a group, equities research analysts predict that ICL Group will post 0.37 EPS for the current fiscal year.

Institutional Trading of ICL Group

Hedge funds have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new stake in shares of ICL Group in the 3rd quarter worth approximately $6,689,000. Stifel Financial Corp lifted its stake in ICL Group by 65.0% in the third quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after purchasing an additional 232,842 shares during the last quarter. Meitav Investment House Ltd. boosted its position in ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock valued at $101,391,000 after buying an additional 3,606,357 shares during the period. Townsquare Capital LLC purchased a new stake in ICL Group during the third quarter valued at about $56,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ICL Group by 9.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,335,527 shares of the basic materials company’s stock valued at $5,676,000 after buying an additional 120,169 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

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.