BMO Capital Markets reaffirmed their hold rating on shares of Israel Chemicals Shs (NYSE:ICL) in a research note released on Friday morning. They currently have a $4.50 price objective on the basic materials company’s stock.
A number of other research analysts have also commented on the company. Jefferies Group LLC started coverage on Israel Chemicals Shs in a research note on Thursday, May 25th. They issued a hold rating and a $4.75 target price for the company. Zacks Investment Research upgraded Israel Chemicals Shs from a sell rating to a hold rating in a research note on Monday, July 17th. ValuEngine upgraded Israel Chemicals Shs from a hold rating to a buy rating in a research note on Saturday, June 17th. Finally, BidaskClub upgraded Israel Chemicals Shs from a hold rating to a buy rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has an average rating of Hold and a consensus price target of $4.67.
Shares of Israel Chemicals Shs (NYSE ICL) traded up 1.40% during mid-day trading on Friday, hitting $4.36. 36,563 shares of the company were exchanged. The stock’s market cap is $5.56 billion. The stock’s 50-day moving average price is $4.60 and its 200 day moving average price is $4.42. Israel Chemicals Shs has a 12-month low of $3.52 and a 12-month high of $4.95.
Israel Chemicals Shs (NYSE:ICL) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.01. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Israel Chemicals Shs had a negative net margin of 3.43% and a positive return on equity of 13.55%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 earnings per share. On average, equities analysts anticipate that Israel Chemicals Shs will post $0.26 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.0245 per share. This represents a $0.10 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Tuesday, August 29th. Israel Chemicals Shs’s dividend payout ratio (DPR) is -66.66%.
Several large investors have recently bought and sold shares of ICL. Vanguard Group Inc. increased its position in shares of Israel Chemicals Shs by 17.3% during the 2nd quarter. Vanguard Group Inc. now owns 11,583,640 shares of the basic materials company’s stock worth $54,790,000 after purchasing an additional 1,712,172 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Israel Chemicals Shs by 19.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,041,116 shares of the basic materials company’s stock worth $42,775,000 after acquiring an additional 1,625,213 shares during the period. FIL Ltd bought a new position in shares of Israel Chemicals Shs during the 2nd quarter worth approximately $7,261,000. Citigroup Inc. boosted its stake in shares of Israel Chemicals Shs by 89.1% during the 2nd quarter. Citigroup Inc. now owns 729,159 shares of the basic materials company’s stock worth $3,445,000 after acquiring an additional 343,584 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Israel Chemicals Shs by 214.3% during the 1st quarter. Bank of America Corp DE now owns 480,415 shares of the basic materials company’s stock worth $2,047,000 after acquiring an additional 327,581 shares during the period. 5.94% of the stock is currently owned by hedge funds and other institutional investors.
About Israel Chemicals Shs
Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.
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