Israel Chemicals Shs (NYSE:ICL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday, July 17th.
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 also recently weighed in on ICL. BidaskClub raised shares of Israel Chemicals Shs from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. BMO Capital Markets reissued a “hold” rating and set a $4.50 price target on shares of Israel Chemicals Shs in a research report on Wednesday, April 5th. Jefferies Group LLC initiated coverage on shares of Israel Chemicals Shs in a research report on Thursday, May 25th. They set a “hold” rating and a $4.75 price target for the company. Finally, ValuEngine raised shares of Israel Chemicals Shs from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.67.
Shares of Israel Chemicals Shs (ICL) opened at 4.53 on Monday. The firm has a 50-day moving average of $4.70 and a 200-day moving average of $4.44. Israel Chemicals Shs has a 52-week low of $3.52 and a 52-week high of $4.95. The company’s market cap is $5.77 billion.
Israel Chemicals Shs (NYSE:ICL) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. Israel Chemicals Shs had a positive return on equity of 13.55% and a negative net margin of 3.43%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $0.09 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research analysts forecast that Israel Chemicals Shs will post $0.29 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in ICL. Public Sector Pension Investment Board boosted 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 valued at $429,000 after buying an additional 7,814 shares during the period. Norges Bank purchased a new position in shares of Israel Chemicals Shs during the fourth quarter valued at about $21,305,000. Bank of New York Mellon Corp boosted its position in shares of Israel Chemicals Shs by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 1,520,221 shares of the basic materials company’s stock valued at $6,476,000 after buying an additional 143,262 shares during the period. Wellington Management Group LLP boosted 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 valued at $101,000 after buying an additional 7,370 shares during the period. Finally, Credit Suisse AG boosted its stake in Israel Chemicals Shs by 2.3% in the first quarter. Credit Suisse AG now owns 1,076,089 shares of the basic materials company’s stock worth $4,585,000 after buying an additional 24,646 shares during the last quarter. Hedge funds and other institutional investors own 5.98% of the company’s stock.
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