Israel Chemicals Shs (NYSE:ICL)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a research note issued to investors on Friday, September 1st. They currently have a $4.50 price target on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 2.97% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Israel Chemicals Shs from a “buy” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine cut shares of Israel Chemicals Shs from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research cut shares of Israel Chemicals Shs from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $5.25 target price (up from $4.75) on shares of Israel Chemicals Shs in a report on Friday, July 14th. 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 stock. Israel Chemicals Shs currently has an average rating of “Hold” and an average price target of $4.67.
Israel Chemicals Shs (ICL) traded down 1.60% during trading on Friday, hitting $4.30. The stock had a trading volume of 1,161,747 shares. Israel Chemicals Shs has a 12 month low of $3.52 and a 12 month high of $4.95. The stock has a 50 day moving average price of $4.54 and a 200-day moving average price of $4.41. The stock’s market cap is $5.48 billion.
Israel Chemicals Shs (NYSE:ICL) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Israel Chemicals Shs had a negative net margin of 3.43% and a positive return on equity of 13.55%. Israel Chemicals Shs’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. On average, equities analysts predict that Israel Chemicals Shs will post $0.26 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in ICL. Bank of New York Mellon Corp grew its stake in Israel Chemicals Shs by 10.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,520,221 shares of the basic materials company’s stock worth $6,476,000 after acquiring an additional 143,262 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Israel Chemicals Shs by 6.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,890 shares of the basic materials company’s stock worth $475,000 after acquiring an additional 6,744 shares during the period. Karp Capital Management Corp purchased a new stake in Israel Chemicals Shs in the 1st quarter worth approximately $782,000. Parametric Portfolio Associates LLC grew its stake in Israel Chemicals Shs by 4.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 1,229,798 shares of the basic materials company’s stock worth $5,239,000 after acquiring an additional 47,860 shares during the period. Finally, Eagle Global Advisors LLC grew its stake in Israel Chemicals Shs by 39.8% in the 1st quarter. Eagle Global Advisors LLC now owns 116,000 shares of the basic materials company’s stock worth $494,000 after acquiring an additional 33,000 shares during the period. 5.94% of the stock is 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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