ValuEngine Lowers Israel Chemicals Shs (NYSE:ICL) to Hold

Israel Chemicals Shs (NYSE:ICL) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, November 15th.

ICL has been the subject of several other reports. Zacks Investment Research raised Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. BMO Capital Markets reaffirmed a “hold” rating and issued a $4.50 price objective on shares of Israel Chemicals Shs in a research note on Friday, September 1st. Finally, BidaskClub lowered Israel Chemicals Shs from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.88.

Israel Chemicals Shs (ICL) traded down $0.02 during trading hours on Wednesday, hitting $4.11. The stock had a trading volume of 486,563 shares, compared to its average volume of 219,233. The company has a market cap of $5,320.00, a price-to-earnings ratio of 14.89 and a beta of 1.04. Israel Chemicals Shs has a 1-year low of $3.85 and a 1-year high of $4.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.24 and a quick ratio of 0.70.

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

Several hedge funds have recently modified their holdings of ICL. Vanguard Group Inc. lifted its stake in shares of Israel Chemicals Shs by 17.3% during the 2nd quarter. Vanguard Group Inc. now owns 11,583,640 shares of the basic materials company’s stock worth $54,790,000 after acquiring an additional 1,712,172 shares during the last quarter. FIL Ltd bought a new stake in shares of Israel Chemicals Shs during the 2nd quarter worth approximately $7,261,000. First Eagle Investment Management LLC lifted its stake in shares of Israel Chemicals Shs by 1.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 26,215,367 shares of the basic materials company’s stock worth $116,315,000 after acquiring an additional 354,015 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Israel Chemicals Shs by 89.1% during the 2nd quarter. Citigroup Inc. now owns 729,159 shares of the basic materials company’s stock worth $3,445,000 after acquiring an additional 343,584 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Israel Chemicals Shs by 214.3% during the 1st quarter. Bank of America Corp DE now owns 480,415 shares of the basic materials company’s stock worth $2,047,000 after acquiring an additional 327,581 shares during the last quarter. 6.37% of the stock is owned by hedge funds and other institutional investors.

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About Israel Chemicals Shs

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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