ICL Group Ltd (NYSE:ICL - Get Free Report)'s stock price rose 2.9% on Monday . The stock traded as high as $4.19 and last traded at $4.19. Approximately 294,658 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 768,890 shares. The stock had previously closed at $4.07.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. StockNews.com cut shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Monday, September 30th. Barclays lowered their target price on shares of ICL Group from $4.50 to $4.00 and set an "underweight" rating for the company in a research note on Friday, August 16th.
Check Out Our Latest Report on ICL Group
ICL Group Price Performance
The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 5.71 and a beta of 1.22. The company has a quick ratio of 0.94, a current ratio of 1.62 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $4.16 and a 200-day moving average of $4.41.
ICL Group (NYSE:ICL - Get Free Report) last posted its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the firm posted $0.13 EPS. On average, equities research analysts predict that ICL Group Ltd will post 0.34 EPS for the current fiscal year.
ICL Group Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a $0.037 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Wednesday, September 4th. ICL Group's payout ratio is currently 37.84%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd boosted its holdings in shares of ICL Group by 3.2% in the second quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company's stock valued at $189,200,000 after acquiring an additional 1,360,670 shares during the period. Vanguard Group Inc. grew its position in ICL Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company's stock worth $136,043,000 after purchasing an additional 392,805 shares during the last quarter. Meitav Investment House Ltd. increased its stake in ICL Group by 2.8% in the second quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company's stock valued at $73,813,000 after purchasing an additional 465,031 shares during the period. Y.D. More Investments Ltd raised its holdings in shares of ICL Group by 2,927,153.2% in the second quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company's stock valued at $62,766,000 after buying an additional 14,635,766 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of ICL Group by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 526,644 shares of the basic materials company's stock valued at $2,281,000 after buying an additional 31,350 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.
About ICL Group
(
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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
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