ICL Group (NYSE:ICL) Reaches New 1-Year High – What’s Next?

ICL Group Ltd (NYSE:ICL)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.99 and last traded at $6.00, with a volume of 49686 shares trading hands. The stock had previously closed at $5.91.

Analysts Set New Price Targets

ICL has been the subject of several research analyst reports. Barclays raised shares of ICL Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $4.00 to $6.00 in a research note on Tuesday. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

ICL Group Price Performance

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 business’s fifty day moving average is $4.97 and its 200 day moving average is $4.48. The company has a market cap of $7.97 billion, a P/E ratio of 19.56, a PEG ratio of 6.78 and a beta of 1.22.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same quarter last year, the firm posted $0.11 EPS. As a group, sell-side analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a dividend of $0.0133 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.88%. ICL Group’s payout ratio is 48.39%.

Institutional Trading of ICL Group

Several institutional investors and hedge funds have recently bought and sold shares of ICL. Crossmark Global Holdings Inc. bought a new position in shares of ICL Group in the 3rd quarter worth $6,689,000. Stifel Financial Corp increased its stake in ICL Group by 65.0% in the third quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock valued at $2,513,000 after acquiring an additional 232,842 shares during the last quarter. Townsquare Capital LLC purchased a new stake in ICL Group during the third quarter valued at about $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ICL Group by 9.9% during the third 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 worth $5,676,000 after purchasing an additional 120,169 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of ICL Group in the 3rd quarter worth about $11,967,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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.