Israel Chemicals Shs (ICL) Lowered to Hold at BidaskClub

BidaskClub lowered shares of Israel Chemicals Shs (NYSE:ICL) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other equities analysts have also recently issued reports on the company. ValuEngine cut Israel Chemicals Shs from a buy rating to a hold rating in a research report on Friday. Zacks Investment Research cut Israel Chemicals Shs from a hold rating to a sell rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a hold rating and set a $5.25 price target (up from $4.75) on shares of Israel Chemicals Shs in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of Hold and a consensus price target of $4.67.

Israel Chemicals Shs (ICL) traded up 1.77% during mid-day trading on Friday, reaching $4.61. The company’s stock had a trading volume of 64,495 shares. Israel Chemicals Shs has a 12-month low of $3.52 and a 12-month high of $4.95. The firm’s market cap is $5.88 billion. The company has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.44.

Israel Chemicals Shs (NYSE:ICL) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Israel Chemicals Shs had a negative net margin of 3.43% and a positive return on equity of 13.55%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. On average, equities research analysts expect that Israel Chemicals Shs will post $0.28 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Tuesday, August 29th will be issued a dividend of $0.0245 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.10 annualized dividend and a dividend yield of 2.16%. Israel Chemicals Shs’s payout ratio is -66.66%.

Several institutional investors have recently added to or reduced their stakes in ICL. Voya Investment Management LLC boosted its position in Israel Chemicals Shs by 18.4% in the second quarter. Voya Investment Management LLC now owns 87,358 shares of the basic materials company’s stock valued at $412,000 after buying an additional 13,584 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Israel Chemicals Shs by 14.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,411,731 shares of the basic materials company’s stock valued at $6,677,000 after buying an additional 181,933 shares during the last quarter. FIL Ltd purchased a new position in Israel Chemicals Shs during the second quarter valued at $7,261,000. Vanguard Group Inc. boosted its position in Israel Chemicals Shs by 17.3% in the second quarter. Vanguard Group Inc. now owns 11,583,640 shares of the basic materials company’s stock valued at $54,790,000 after buying an additional 1,712,172 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Israel Chemicals Shs by 89.1% in the second quarter. Citigroup Inc. now owns 729,159 shares of the basic materials company’s stock valued at $3,445,000 after buying an additional 343,584 shares during the last quarter. 5.95% of the stock is currently owned by hedge funds and other institutional investors.

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