Israel Chemicals (ICL) Reaches New 1-Year High and Low at $4.99

Israel Chemicals Ltd (NYSE:ICL)’s share price reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $4.99 and last traded at $4.95, with a volume of 13148 shares. The stock had previously closed at $4.93.

A number of equities analysts recently issued reports on ICL shares. Citigroup raised Israel Chemicals from a “neutral” rating to a “buy” rating in a report on Wednesday, March 21st. Zacks Investment Research raised Israel Chemicals from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Tuesday, March 13th. TheStreet raised Israel Chemicals from a “c+” rating to a “b-” rating in a report on Friday, March 9th. Finally, ValuEngine lowered Israel Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.00.

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.62 and a quick ratio of 1.03. The firm has a market capitalization of $6.20 billion, a PE ratio of 15.94 and a beta of 1.01.

Israel Chemicals (NYSE:ICL) last released its quarterly earnings results on Thursday, May 10th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. Israel Chemicals had a return on equity of 13.77% and a net margin of 22.15%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company posted $0.04 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. analysts anticipate that Israel Chemicals Ltd will post 0.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Wednesday, June 6th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, June 6th. Israel Chemicals’s dividend payout ratio is presently 70.97%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank boosted its holdings in Israel Chemicals by 0.7% in the 4th quarter. Swiss National Bank now owns 1,966,371 shares of the basic materials company’s stock valued at $7,993,000 after purchasing an additional 13,758 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Israel Chemicals by 2,580.3% in the 4th quarter. Macquarie Group Ltd. now owns 61,780 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 59,475 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Israel Chemicals by 32.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,823,853 shares of the basic materials company’s stock valued at $732,871,000 after purchasing an additional 444,673 shares in the last quarter. Jane Street Group LLC purchased a new stake in Israel Chemicals in the 4th quarter valued at approximately $417,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Israel Chemicals by 65.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,065,779 shares of the basic materials company’s stock valued at $12,421,000 after purchasing an additional 1,209,368 shares in the last quarter. 7.02% of the stock is currently owned by institutional investors.

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, salt, and Polysulphate; and produces, markets, and sells pure magnesium and magnesium alloys, as well as produces dry carnallite and related by-products, including chlorine and sylvinite.

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