Zacks Investment Research upgraded shares of Israel Chemicals (NYSE:ICL) from a sell rating to a hold rating in a research note issued to investors on Wednesday, August 29th.

According to Zacks, “Israel Chemicals Ltd. is a manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions. It operates primarily in three markets: agriculture, food and engineered materials. The Company’s products include bromine specialty chemicals, potash, phosphate fertilizers, and specialty performance and industrial products. It markets its products primarily in Israel, Europe, and the Americas. Israel Chemicals Ltd. is headquartered in Tel Aviv, Israel. “

Separately, ValuEngine raised shares of Israel Chemicals from a hold rating to a buy rating in a report on Friday, August 24th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $5.25.

NYSE ICL traded down $0.02 on Wednesday, reaching $5.75. The company had a trading volume of 117,739 shares, compared to its average volume of 206,879. The firm has a market cap of $7.48 billion, a PE ratio of 15.51 and a beta of 1.15. The company has a current ratio of 1.35, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Israel Chemicals has a 1-year low of $3.85 and a 1-year high of $5.90.

Israel Chemicals (NYSE:ICL) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. Israel Chemicals had a net margin of 22.74% and a return on equity of 14.16%. The company had revenue of $1.37 billion during the quarter. During the same quarter in the prior year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts forecast that Israel Chemicals will post 0.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were issued a $0.043 dividend. This is a boost from Israel Chemicals’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Monday, August 20th. Israel Chemicals’s dividend payout ratio is currently 32.26%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Delek Group Ltd. increased its holdings in shares of Israel Chemicals by 21.9% during the first quarter. Delek Group Ltd. now owns 4,878,285 shares of the basic materials company’s stock worth $20,596,000 after purchasing an additional 876,965 shares during the period. Swiss National Bank boosted its position in shares of Israel Chemicals by 2.7% during the 2nd quarter. Swiss National Bank now owns 2,652,169 shares of the basic materials company’s stock worth $12,117,000 after acquiring an additional 70,216 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Israel Chemicals by 40.4% during the 2nd quarter. Van ECK Associates Corp now owns 2,014,048 shares of the basic materials company’s stock worth $9,265,000 after acquiring an additional 579,976 shares in the last quarter. River & Mercantile Asset Management LLP boosted its position in shares of Israel Chemicals by 81.4% during the 1st quarter. River & Mercantile Asset Management LLP now owns 1,187,732 shares of the basic materials company’s stock worth $5,030,000 after acquiring an additional 532,931 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Israel Chemicals by 1.8% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 904,380 shares of the basic materials company’s stock worth $3,812,000 after acquiring an additional 15,831 shares in the last quarter. 8.11% of the stock is currently owned by institutional investors.

About Israel Chemicals

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, salt, and Polysulphate; and produces, markets, and sells pure magnesium and magnesium alloys, as well as produces dry carnallite and related by-products, including chlorine and sylvinite.

Further Reading: Fundamental Analysis

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