ICL Group (NYSE:ICL) Upgraded at Barclays

ICL Group (NYSE:ICL) was upgraded by stock analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report released on Tuesday, Marketbeat reports. The brokerage currently has a $6.00 price objective on the basic materials company’s stock, up from their previous price objective of $4.00. Barclays‘s target price suggests a potential upside of 1.61% from the stock’s previous close.

Separately, StockNews.com raised shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

ICL Group Stock Up 3.4 %

ICL stock opened at $5.91 on Tuesday. The stock has a market cap of $7.76 billion, a P/E ratio of 19.05, a P/E/G ratio of 6.73 and a beta of 1.22. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $4.47. ICL Group has a 1-year low of $3.79 and a 1-year high of $5.94.

ICL Group (NYSE:ICL) last released its earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm earned $0.11 EPS. Analysts expect that ICL Group will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. lifted its stake in ICL Group by 10.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 1,733,773 shares of the basic materials company’s stock worth $8,564,000 after purchasing an additional 159,910 shares in the last quarter. Ballentine Partners LLC raised its position in shares of ICL Group by 61.2% in the fourth quarter. Ballentine Partners LLC now owns 34,790 shares of the basic materials company’s stock worth $172,000 after buying an additional 13,212 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in ICL Group by 223.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after buying an additional 7,405 shares during the period. Kathmere Capital Management LLC bought a new stake in ICL Group during the fourth quarter valued at $141,000. Finally, Ignite Planners LLC grew its position in ICL Group by 5.1% during the fourth quarter. Ignite Planners LLC now owns 157,515 shares of the basic materials company’s stock worth $797,000 after buying an additional 7,598 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.