ICL Group (NYSE:ICL) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded ICL Group from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with an average price target of $6.00.
• ICL Group reported quarterly earnings of $0.12 per share, beating estimates of $0.11, while revenue of $2.13 billion exceeded the $2.01 billion consensus forecast.
• The stock opened at $5.37, near its 50-day and 200-day moving averages, with a market capitalization of approximately $6.92 billion; institutional investors and hedge funds own 13.38% of its shares.

ICL Group (NYSE:ICL - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of ICL Group in a research report on Friday, July 31st. Barclays dropped their price objective on ICL Group from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Monday, July 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.00.

ICL Group Stock Performance

NYSE ICL opened at $5.37 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.94 and a current ratio of 1.58. The stock's fifty day moving average is $5.44 and its two-hundred day moving average is $5.48. The firm has a market capitalization of $6.92 billion, a P/E ratio of 22.35 and a beta of 0.98. ICL Group has a fifty-two week low of $4.76 and a fifty-two week high of $6.97.

ICL Group (NYSE:ICL - Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. ICL Group had a net margin of 3.95% and a return on equity of 8.40%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.01 billion. On average, research analysts anticipate that ICL Group will post 0.44 earnings per share for the current year.

Institutional Trading of ICL Group

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new stake in shares of ICL Group in the 1st quarter valued at $54,000. R Squared Ltd acquired a new position in shares of ICL Group during the first quarter worth $62,000. Greenspring Advisors LLC acquired a new stake in ICL Group in the fourth quarter valued at $71,000. Ground Swell Capital LLC acquired a new stake in ICL Group in the first quarter valued at $69,000. Finally, Keybank National Association OH purchased a new stake in ICL Group during the 1st quarter worth about $101,000. Institutional investors and hedge funds own 13.38% of the company's stock.

ICL Group Company Profile

ICL Group Ltd. NYSE: ICL is a global specialty minerals and chemicals company headquartered in Israel. The company develops, produces and markets mineral-based products used in agriculture, food, engineered materials and industrial applications.

ICL's portfolio includes potash and phosphate fertilizers, specialty fertilizers, crop nutrition products and agriculture-focused solutions. It also produces bromine and bromine-based compounds, phosphates, potash-derived industrial materials and specialty chemicals used in areas such as flame retardants, water treatment, food ingredients and energy storage.

The company traces its origins to Israel's mineral resources and operates production, research, sales and distribution activities across multiple regions, including Israel, Europe, North America, South America and Asia.

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