ICL Group (NYSE:ICL) Hits New 1-Year Low – Should You Sell?

ICL Group Ltd. (NYSE:ICL) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $4.63 and last traded at $4.6450, with a volume of 1,261,356 shares. The stock had previously closed at $4.92.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays reduced their price target on ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of ICL Group in a research report on Thursday. Finally, Wall Street Zen lowered ICL Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.00.

ICL Group Stock Performance

The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 19.12 and a beta of 1.03. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average of $5.28 and a 200 day moving average of $5.40.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. ICL Group had a return on equity of 8.40% and a net margin of 3.95%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.01 billion. As a group, equities analysts predict that ICL Group Ltd. will post 0.43 EPS for the current fiscal year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd were given a $0.0581 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 5.1%. This is an increase from ICL Group’s previous quarterly dividend of $0.0535. The ex-dividend date was Wednesday, September 2nd. ICL Group’s dividend payout ratio (DPR) is 70.83%.

Hedge Funds Weigh In On ICL Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. bought a new stake in ICL Group in the 1st quarter valued at $54,000. R Squared Ltd purchased a new position in ICL Group in the first quarter valued at $62,000. 55 North Private Wealth LLC acquired a new position in shares of ICL Group in the 3rd quarter valued at $75,000. Abel Hall LLC acquired a new position in shares of ICL Group during the 3rd quarter worth $96,000. Finally, Keybank National Association OH acquired a new stake in shares of ICL Group during the first quarter worth $101,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Company Profile

ICL Group Ltd. (NYSE: ICL) is a global specialty minerals and chemicals company headquartered in Israel. Formerly known as Israel Chemicals, the company was established in 1968 and develops, produces and markets mineral-based products for agriculture, food, and industrial applications.

Its agriculture business supplies potash and phosphate-based fertilizers, specialty plant nutrients, and related solutions designed to support crop production. ICL also produces ingredients for the food industry, including specialty phosphates and other functional materials used in food processing and nutrition applications.

The company’s industrial products include bromine-based compounds, flame retardants, water-treatment chemicals, and other specialty chemicals.