ICL Group Ltd (NYSE:ICL) Brief Interest Update
ICL Group Ltd (NYSE:ICL – Get Rating) saw a significant increase in short-term interest in the month of February. As of February 15, there was short interest totaling 407,600 shares, an increase of 32.5% from the total of 307,600 shares as of January 31. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 378,300 shares, the day-to-cover ratio is currently 1.1 days.
ICL Group shares opened at $11.50 on Monday. The company has a current ratio of 1.50, a quick ratio of 0.90 and a debt ratio of 0.51. The company’s 50-day moving average price is $10.17 and its two-hundred-day moving average price is $8.93. ICL Group has a 52-week low of $5.72 and a 52-week high of $11.68. The stock has a market capitalization of $14.72 billion, a PE ratio of 19.17 and a beta of 1.09.
ICL Group (NYSE:ICL – Get Rating) last released its quarterly results on Tuesday, February 8. The basic materials company reported EPS of $0.26 for the quarter, beating the consensus estimate of $0.16 by $0.10. ICL Group achieved a net margin of 11.26% and a return on equity of 18.52%. During the same period of the previous year, the company achieved EPS of $0.05. On average, stock analysts predict that ICL Group will post 1.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 8. Shareholders of record on Wednesday, February 23 will receive a dividend of $0.1318 per share. This represents an annualized dividend of $0.53 and a yield of 4.58%. The ex-dividend date is Tuesday, February 22. This is an increase from ICL Group’s previous quarterly dividend of $0.08. ICL Group’s payout ratio is currently 66.67%.
Several equity analysts have recently released reports on ICL shares. Citigroup downgraded shares of ICL Group from a “buy” rating to a “neutral” rating in a Monday, January 24 report. Zacks Investment Research upgraded shares of ICL Group from a “sell” rating to a “buy” rating and set a price target of $11.00 on the stock in a Tuesday, February 15 research note. Finally, Morgan Stanley raised its price target on ICL Group shares from $9.00 to $10.00 and gave the company an “equal weight” rating in a Monday, Feb. 14 research note. Three analysts gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat, ICL Group currently has an average rating of “Hold” and an average price target of $9.00.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Exchange Traded Concepts LLC acquired a new stake in ICL Group during Q4 worth approximately $36,000. Total Clarity Wealth Management Inc. acquired a new stake in ICL Group during Q3 valued at approximately $44,000. First Trust Advisors LP acquired a new stake in ICL Group during Q1 worth approximately $73,000. Schonfeld Strategic Advisors LLC acquired a new stake in ICL Group during Q3 valued at approximately $74,000. Finally, First Eagle Investment Management LLC acquired a new stake in ICL Group during the 4th quarter at a value of approximately $79,000.
ICL Group Company Profile (Get a rating)
ICL Group Ltd. is dedicated to manufacturing mineral-based products for the agriculture, food and engineered materials markets. Its products include potash and phosphate fertilizers, specialty fertilizers, functional ingredients, flame retardants and magnesia products. The company was founded in 1968 and is headquartered in Tel Aviv, Israel.
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