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

ICL Group (NYSE:ICL) had its price target boosted by equities researchers at Barclays from $6.00 to $7.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s price objective would suggest a potential upside of 9.63% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Weiss Ratings raised shares of ICL Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of ICL Group from a “hold” rating to a “buy” rating in a report on Saturday. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.60.

ICL Group Stock Down 0.4%

NYSE ICL traded down $0.03 during trading hours on Monday, hitting $6.39. 187,396 shares of the company traded hands, compared to its average volume of 1,599,537. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 1.38. The business’s 50-day moving average is $5.43 and its 200-day moving average is $5.46. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 31.93 and a beta of 0.86. ICL Group has a twelve month low of $4.76 and a twelve month high of $7.35.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, May 13th. The basic materials company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.92 billion. ICL Group had a return on equity of 7.84% and a net margin of 3.52%. Sell-side analysts anticipate that ICL Group will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On ICL Group

Several hedge funds have recently bought and sold shares of ICL. Caprock Group LLC acquired a new position in ICL Group in the 3rd quarter valued at $1,180,000. Y.D. More Investments Ltd boosted its position in shares of ICL Group by 5.5% in the fourth quarter. Y.D. More Investments Ltd now owns 18,738,939 shares of the basic materials company’s stock valued at $107,498,000 after acquiring an additional 979,321 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of ICL Group by 11.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,596,490 shares of the basic materials company’s stock valued at $9,167,000 after acquiring an additional 169,866 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of ICL Group by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,683,603 shares of the basic materials company’s stock valued at $179,100,000 after acquiring an additional 451,440 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in ICL Group during the third quarter worth about $772,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Company Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.