Zacks Investment Research downgraded shares of Israel Chemicals Shs (NYSE:ICL) from a hold rating to a sell rating in a report published on Tuesday morning.

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. “

ICL has been the subject of several other research reports. BMO Capital Markets restated a hold rating and issued a $4.50 price target on shares of Israel Chemicals Shs in a research note on Friday, September 1st. ValuEngine lowered Israel Chemicals Shs from a buy rating to a hold rating in a report on Wednesday, November 15th. Finally, BidaskClub lowered Israel Chemicals Shs from a buy rating to a hold rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of Hold and an average target price of $4.88.

Israel Chemicals Shs (NYSE:ICL) opened at $3.92 on Tuesday. Israel Chemicals Shs has a one year low of $3.70 and a one year high of $4.95. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $4,998.85, a price-to-earnings ratio of 14.00 and a beta of 1.18.

Israel Chemicals Shs (NYSE:ICL) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Israel Chemicals Shs had a return on equity of 13.20% and a net margin of 4.47%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. research analysts expect that Israel Chemicals Shs will post 0.27 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Tuesday, December 5th will be issued a $0.044 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.18 annualized dividend and a dividend yield of 4.49%. This is a positive change from Israel Chemicals Shs’s previous quarterly dividend of $0.02. Israel Chemicals Shs’s payout ratio is presently 52.63%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Eagle Investment Management LLC grew its holdings in shares of Israel Chemicals Shs by 1.4% in the third quarter. First Eagle Investment Management LLC now owns 26,215,367 shares of the basic materials company’s stock worth $116,315,000 after acquiring an additional 354,015 shares during the period. Vanguard Group Inc. grew its holdings in Israel Chemicals Shs by 17.3% during the second quarter. Vanguard Group Inc. now owns 11,583,640 shares of the basic materials company’s stock valued at $54,790,000 after purchasing an additional 1,712,172 shares during the period. Swiss National Bank grew its holdings in Israel Chemicals Shs by 5.4% during the second quarter. Swiss National Bank now owns 1,928,014 shares of the basic materials company’s stock valued at $9,095,000 after purchasing an additional 98,182 shares during the period. FIL Ltd bought a new stake in Israel Chemicals Shs during the second quarter valued at about $7,261,000. Finally, Van ECK Associates Corp grew its holdings in Israel Chemicals Shs by 0.3% during the second quarter. Van ECK Associates Corp now owns 1,431,482 shares of the basic materials company’s stock valued at $6,771,000 after purchasing an additional 4,005 shares during the period. 6.05% of the stock is owned by institutional investors.

Israel Chemicals Shs Company Profile

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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