ICL Group (NYSE:ICL) Reaches New 52-Week High - Still a Buy?

Shares of ICL Group Ltd (NYSE:ICL - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $5.68 and last traded at $5.65, with a volume of 101289 shares traded. The stock had previously closed at $5.50.

Analysts Set New Price Targets

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

ICL Group Stock Up 3.1 %

The company has a market capitalization of $7.45 billion, a P/E ratio of 18.29, a P/E/G ratio of 6.97 and a beta of 1.22. 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 fifty day simple moving average of $4.79 and a 200-day simple moving average of $4.41.

ICL Group (NYSE:ICL - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, equities research analysts expect that ICL Group Ltd will post 0.35 EPS for the current fiscal year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $0.0133 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Wednesday, December 4th. ICL Group's payout ratio is 45.16%.

Institutional Investors Weigh In On ICL Group

Several large investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd grew its stake in ICL Group by 3.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company's stock valued at $189,200,000 after buying an additional 1,360,670 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of ICL Group in the third quarter valued at approximately $11,967,000. Swiss National Bank increased its stake in shares of ICL Group by 0.4% during the third quarter. Swiss National Bank now owns 2,306,997 shares of the basic materials company's stock worth $9,873,000 after purchasing an additional 8,848 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in ICL Group during the 3rd quarter worth approximately $6,689,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in ICL Group by 9.9% in the 3rd 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 purchasing an additional 120,169 shares during the period. Institutional investors and hedge funds 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.