Free Trial

ICL Group (NYSE:ICL) Sets New 12-Month High - Should You Buy?

ICL Group logo with Basic Materials background

ICL Group Ltd (NYSE:ICL - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $7.04 and last traded at $6.98, with a volume of 1926050 shares changing hands. The stock had previously closed at $6.61.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BMO Capital Markets upped their price objective on ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a report on Thursday, February 27th. Barclays upped their price target on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. Finally, Wall Street Zen cut ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th.

Get Our Latest Analysis on ICL Group

ICL Group Stock Down 0.9%

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 business has a 50 day simple moving average of $6.47 and a 200 day simple moving average of $5.87. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 7.10 and a beta of 1.13.

ICL Group (NYSE:ICL - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The basic materials company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.82 billion. As a group, equities analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.0426 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from ICL Group's previous quarterly dividend of $0.04. ICL Group's dividend payout ratio is currently 51.61%.

Institutional Trading of ICL Group

A number of large investors have recently modified their holdings of ICL. Savant Capital LLC purchased a new stake in shares of ICL Group during the fourth quarter worth $54,000. Ieq Capital LLC purchased a new stake in shares of ICL Group during the fourth quarter worth $117,000. Meitav Investment House Ltd. increased its position in shares of 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 worth $101,391,000 after acquiring an additional 3,606,357 shares during the period. Callan Capital LLC purchased a new stake in shares of ICL Group during the fourth quarter worth $82,000. Finally, Wealthstream Advisors Inc. purchased a new stake in shares of ICL Group during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

ICL Group Company Profile

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in ICL Group Right Now?

Before you consider ICL Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ICL Group wasn't on the list.

While ICL Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)
3 Rising Stocks You’ll Want on Your Watchlist
Trillions in Defense Spending—3 Disruptive Stocks Set to Double

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines