Zacks: Israel Chemicals Ltd. (ICL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Israel Chemicals Ltd. (NYSE:ICL) have been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokerages have set a 12-month consensus price target of $4.38 for the company and are predicting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given Israel Chemicals an industry rank of 99 out of 265 based on the ratings given to related companies.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Israel Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. ValuEngine downgraded shares of Israel Chemicals from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Israel Chemicals in a report on Friday, October 6th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC lifted its stake in Israel Chemicals by 1.4% during the third quarter. First Eagle Investment Management LLC now owns 26,215,367 shares of the basic materials company’s stock valued at $116,315,000 after buying an additional 354,015 shares in the last quarter. Vanguard Group Inc. lifted its stake in Israel Chemicals by 17.3% during 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 in the last quarter. Swiss National Bank lifted its stake in Israel Chemicals by 5.4% during the second quarter. Swiss National Bank now owns 1,928,014 shares of the basic materials company’s stock valued at $9,095,000 after buying an additional 98,182 shares in the last quarter. FIL Ltd purchased a new stake in Israel Chemicals during the second quarter valued at about $7,261,000. Finally, Van ECK Associates Corp lifted its stake in Israel Chemicals by 0.3% during the second quarter. Van ECK Associates Corp now owns 1,431,482 shares of the basic materials company’s stock valued at $6,771,000 after buying an additional 4,005 shares in the last quarter. 6.37% of the stock is owned by institutional investors.

Shares of Israel Chemicals (NYSE ICL) traded up $0.03 during midday trading on Thursday, reaching $4.11. 157,447 shares of the company’s stock were exchanged, compared to its average volume of 231,801. Israel Chemicals has a 52 week low of $3.85 and a 52 week high of $4.95. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.93. The firm has a market cap of $5,241.15, a P/E ratio of 21.63 and a beta of 1.16.

Israel Chemicals (NYSE:ICL) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. Israel Chemicals had a net margin of 4.47% and a return on equity of 13.20%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the company earned $0.09 EPS. Israel Chemicals’s revenue was up 4.1% on a year-over-year basis. sell-side analysts anticipate that Israel Chemicals will post 0.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Tuesday, December 5th were issued a $0.044 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 4.28%. This is an increase from Israel Chemicals’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, December 5th. Israel Chemicals’s dividend payout ratio is presently 94.74%.

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Israel Chemicals Company Profile

Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.

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