Israel Chemicals (ICL) Cut to “Hold” at ValuEngine
A number of other equities research analysts have also recently issued reports on ICL. Zacks Investment Research cut shares of Israel Chemicals from a buy rating to a hold rating in a research report on Wednesday, April 10th. Stephens assumed coverage on shares of Israel Chemicals in a research report on Tuesday, March 12th. They set an overweight rating for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $5.94.
Shares of Israel Chemicals stock opened at $5.02 on Friday. The stock has a market cap of $6.51 billion, a P/E ratio of 13.57, a PEG ratio of 1.25 and a beta of 0.83. The company has a quick ratio of 0.79, a current ratio of 1.43 and a debt-to-equity ratio of 0.51. Israel Chemicals has a 12-month low of $4.48 and a 12-month high of $6.90.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its position in Israel Chemicals by 190.7% in the 4th quarter. Bank of America Corp DE now owns 539,969 shares of the basic materials company’s stock valued at $3,057,000 after acquiring an additional 354,192 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Israel Chemicals in the 4th quarter valued at about $754,000. Van ECK Associates Corp increased its position in Israel Chemicals by 2.5% in the 4th quarter. Van ECK Associates Corp now owns 1,959,971 shares of the basic materials company’s stock valued at $11,093,000 after acquiring an additional 48,603 shares in the last quarter. Bank of Montreal Can increased its position in Israel Chemicals by 89.3% in the 4th quarter. Bank of Montreal Can now owns 379,237 shares of the basic materials company’s stock valued at $2,146,000 after acquiring an additional 178,870 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 valued at $11,955,000 after acquiring an additional 19,052 shares in the last quarter. Hedge funds and other institutional investors own 8.30% of the company’s stock.
About Israel Chemicals
Israel Chemicals Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). 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.
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