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

Other equities research analysts have also recently issued research reports about the company. ValuEngine upgraded Israel Chemicals Shs from a hold rating to a buy rating in a report on Saturday, June 17th. BidaskClub upgraded Israel Chemicals Shs from a hold rating to a buy rating in a report on Wednesday, July 12th. BMO Capital Markets reiterated a hold rating and issued a $4.50 price objective on shares of Israel Chemicals Shs in a report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a hold rating and issued a $5.25 price objective (up previously from $4.75) on shares of Israel Chemicals Shs in a report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Israel Chemicals Shs currently has a consensus rating of Hold and an average target price of $4.67.

Shares of Israel Chemicals Shs (NYSE ICL) opened at 4.39 on Monday. The stock’s 50 day moving average price is $4.46 and its 200-day moving average price is $4.41. Israel Chemicals Shs has a 52 week low of $3.52 and a 52 week high of $4.95. The firm’s market capitalization is $5.60 billion.

Israel Chemicals Shs (NYSE:ICL) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Israel Chemicals Shs had a positive return on equity of 13.55% and a negative net margin of 3.43%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. Israel Chemicals Shs’s revenue was down 4.0% compared to the same quarter last year. Equities analysts predict that Israel Chemicals Shs will post $0.26 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Tuesday, August 29th were given a dividend of $0.0245 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, August 29th. Israel Chemicals Shs’s dividend payout ratio (DPR) is presently -66.66%.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of Israel Chemicals Shs by 22.7% in the 2nd quarter. SG Americas Securities LLC now owns 127,013 shares of the basic materials company’s stock worth $601,000 after purchasing an additional 23,465 shares in the last quarter. River & Mercantile Asset Management LLP increased its holdings in shares of Israel Chemicals Shs by 23.2% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 298,801 shares of the basic materials company’s stock worth $1,412,000 after purchasing an additional 56,301 shares in the last quarter. Swiss National Bank increased its holdings in shares of Israel Chemicals Shs by 5.4% in the 2nd quarter. Swiss National Bank now owns 1,928,014 shares of the basic materials company’s stock worth $9,095,000 after purchasing an additional 98,182 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Israel Chemicals Shs by 2.3% in the 1st quarter. Credit Suisse AG now owns 1,076,089 shares of the basic materials company’s stock worth $4,585,000 after purchasing an additional 24,646 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Israel Chemicals Shs by 89.1% in the 2nd quarter. Citigroup Inc. now owns 729,159 shares of the basic materials company’s stock worth $3,445,000 after purchasing an additional 343,584 shares in the last quarter. 5.94% of the stock is owned by institutional investors and hedge funds.

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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