Israel Chemicals Shs (NYSE:ICL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other analysts have also recently issued reports on the company. Jefferies Group LLC initiated coverage on Israel Chemicals Shs in a report on Thursday, May 25th. They set a “hold” rating and a $4.75 target price for the company. BidaskClub upgraded Israel Chemicals Shs from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research cut Israel Chemicals Shs from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Israel Chemicals Shs has an average rating of “Hold” and a consensus price target of $4.67.

Shares of Israel Chemicals Shs (ICL) opened at 4.52 on Friday. The firm’s market cap is $5.76 billion. Israel Chemicals Shs has a 12 month low of $3.52 and a 12 month high of $4.95. The stock’s 50 day moving average is $4.70 and its 200 day moving average is $4.44.

Israel Chemicals Shs (NYSE:ICL) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. Israel Chemicals Shs had a positive return on equity of 13.55% and a negative net margin of 3.43%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts anticipate that Israel Chemicals Shs will post $0.29 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in Israel Chemicals Shs by 19.3% in the first quarter. Goldman Sachs Group Inc. now owns 10,041,116 shares of the basic materials company’s stock worth $42,775,000 after buying an additional 1,625,213 shares in the last quarter. Vanguard Group Inc. boosted its position in Israel Chemicals Shs by 4.6% in the first quarter. Vanguard Group Inc. now owns 9,871,468 shares of the basic materials company’s stock worth $42,052,000 after buying an additional 434,474 shares in the last quarter. Bank of Montreal Can boosted its position in Israel Chemicals Shs by 83.0% in the first quarter. Bank of Montreal Can now owns 879,248 shares of the basic materials company’s stock worth $3,745,000 after buying an additional 398,754 shares in the last quarter. Bank of America Corp DE boosted its position in Israel Chemicals Shs by 214.3% in the first quarter. Bank of America Corp DE now owns 480,415 shares of the basic materials company’s stock worth $2,047,000 after buying an additional 327,581 shares in the last quarter. Finally, River & Mercantile Asset Management LLP bought a new position in Israel Chemicals Shs during the first quarter worth $1,032,000. Institutional investors and hedge funds own 5.98% of the company’s stock.

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

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