Shares of Israel Chemicals Ltd (NYSE:ICL) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.11.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Israel Chemicals from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Jefferies Financial Group reissued a “hold” rating and issued a $6.57 target price on shares of Israel Chemicals in a report on Sunday, October 21st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $5.25 target price on shares of Israel Chemicals in a report on Wednesday, September 19th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Credit Suisse AG raised its position in Israel Chemicals by 2.0% in the third quarter. Credit Suisse AG now owns 922,166 shares of the basic materials company’s stock worth $5,561,000 after acquiring an additional 18,251 shares during the period. Bank of New York Mellon Corp raised its holdings in Israel Chemicals by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,982,567 shares of the basic materials company’s stock worth $11,955,000 after purchasing an additional 19,052 shares during the period. Neuberger Berman Group LLC raised its holdings in Israel Chemicals by 54.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 57,943 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 20,315 shares during the period. Lourd Capital LLC bought a new position in Israel Chemicals in the 3rd quarter worth $167,000. Finally, Citadel Advisors LLC bought a new position in Israel Chemicals in the 3rd quarter worth $174,000. Institutional investors and hedge funds own 9.19% of the company’s stock.
Israel Chemicals stock traded down $0.02 during midday trading on Friday, reaching $5.75. 82,900 shares of the company traded hands, compared to its average volume of 323,900. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.58 and a beta of 0.95. Israel Chemicals has a 12 month low of $3.85 and a 12 month high of $6.90. The company has a quick ratio of 0.73, a current ratio of 1.34 and a debt-to-equity ratio of 0.44.
Israel Chemicals (NYSE:ICL) last released its quarterly earnings results on Thursday, November 1st. The basic materials company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Israel Chemicals had a return on equity of 13.67% and a net margin of 23.84%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Sell-side analysts expect that Israel Chemicals will post 0.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 19th. Shareholders of record on Tuesday, December 4th were given a $0.051 dividend. The ex-dividend date was Monday, December 3rd. This is an increase from Israel Chemicals’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 3.55%. Israel Chemicals’s dividend payout ratio (DPR) is presently 16.13%.
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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