ICL Group (NYSE:ICL) Given New $6.50 Price Target at BMO Capital Markets

ICL Group (NYSE:ICL) had its price target upped by equities research analysts at BMO Capital Markets from $6.00 to $6.50 in a report released on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 8.06% from the company’s current price.

A number of other research analysts have also commented on the stock. Barclays upgraded shares of ICL Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $4.00 to $6.00 in a research report on Tuesday, January 21st. StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

ICL Group Stock Performance

Shares of ICL opened at $6.02 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 7.10 and a beta of 1.23. ICL Group has a 52-week low of $3.79 and a 52-week high of $6.57. The stock’s 50-day simple moving average is $5.67 and its 200 day simple moving average is $4.80.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. Research analysts forecast that ICL Group will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On ICL Group

Institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new stake in shares of ICL Group during the 3rd quarter worth $6,689,000. Stifel Financial Corp lifted its stake in ICL Group by 65.0% during the third quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after purchasing an additional 232,842 shares during the last quarter. Townsquare Capital LLC bought a new stake in ICL Group during the third quarter worth about $56,000. Meitav Investment House Ltd. boosted its holdings in shares of ICL Group by 21.3% in the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after purchasing an additional 3,606,357 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ICL Group by 9.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,335,527 shares of the basic materials company’s stock valued at $5,676,000 after purchasing an additional 120,169 shares during the last quarter. 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.