Zacks Investment Research Upgrades Israel Chemicals Shs (ICL) to Hold

Israel Chemicals Shs (NYSE:ICL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Israel Chemicals Ltd. is a manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions. It operates primarily in three markets: agriculture, food and engineered materials. The Company’s products include bromine specialty chemicals, potash, phosphate fertilizers, and specialty performance and industrial products. It markets its products primarily in Israel, Europe, and the Americas. Israel Chemicals Ltd. is headquartered in Tel Aviv, Israel. “

A number of other research firms have also weighed in on ICL. Jefferies Group LLC reissued a “hold” rating and set a $5.25 target price (up from $4.75) on shares of Israel Chemicals Shs in a report on Friday. BidaskClub raised Israel Chemicals Shs from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine raised Israel Chemicals Shs from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $4.50 price objective on shares of Israel Chemicals Shs in a report on Wednesday, April 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Israel Chemicals Shs currently has a consensus rating of “Hold” and a consensus price target of $4.67.

Shares of Israel Chemicals Shs (NYSE:ICL) traded down 2.28% during midday trading on Monday, hitting $4.72. 118,652 shares of the stock traded hands. The company’s market capitalization is $6.02 billion. The firm’s 50 day moving average price is $4.36 and its 200 day moving average price is $4.34. Israel Chemicals Shs has a 12-month low of $3.52 and a 12-month high of $4.85.

Israel Chemicals Shs (NYSE:ICL) last posted its earnings results on Wednesday, May 10th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Israel Chemicals Shs had a positive return on equity of 15.39% and a negative net margin of 2.23%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. Analysts expect that Israel Chemicals Shs will post $0.30 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Israel Chemicals Shs by 44.8% in the first quarter. Wellington Management Group LLP now owns 23,830 shares of the basic materials company’s stock worth $101,000 after buying an additional 7,370 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of Israel Chemicals Shs during the first quarter worth approximately $102,000. Credit Agricole S A raised its position in shares of Israel Chemicals Shs by 9.9% in the fourth quarter. Credit Agricole S A now owns 44,075 shares of the basic materials company’s stock worth $181,000 after buying an additional 3,977 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Israel Chemicals Shs during the fourth quarter worth approximately $250,000. Finally, Public Sector Pension Investment Board raised its position in shares of Israel Chemicals Shs by 8.1% in the fourth quarter. Public Sector Pension Investment Board now owns 104,470 shares of the basic materials company’s stock worth $429,000 after buying an additional 7,814 shares in the last quarter. 5.97% of the stock is currently owned by hedge funds and other institutional investors.

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