ValuEngine lowered shares of Israel Chemicals Shs (NYSE:ICL) from a buy rating to a hold rating in a research report released on Wednesday.

Several other brokerages have also issued reports on ICL. BMO Capital Markets restated a hold rating on shares of Israel Chemicals Shs in a research note on Friday, October 6th. BidaskClub lowered Israel Chemicals Shs from a buy rating to a hold rating in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered Israel Chemicals Shs from a hold rating to a sell rating in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and a consensus target price of $4.88.

Shares of Israel Chemicals Shs (ICL) traded down $0.02 on Wednesday, reaching $3.94. The company had a trading volume of 117,761 shares, compared to its average volume of 141,006. Israel Chemicals Shs has a 1 year low of $3.70 and a 1 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 company has a market capitalization of $5,050.00, a price-to-earnings ratio of 14.07 and a beta of 1.05.

Israel Chemicals Shs (NYSE:ICL) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. equities research analysts expect that Israel Chemicals Shs will post 0.28 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Tuesday, December 5th will be paid a dividend of $0.044 per share. This represents a $0.18 annualized dividend and a yield of 4.47%. This is a positive change from Israel Chemicals Shs’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, December 5th. Israel Chemicals Shs’s payout ratio is currently -100.00%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank boosted 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 in the last quarter. SG Americas Securities LLC boosted its holdings in Israel Chemicals Shs by 22.7% during the second quarter. SG Americas Securities LLC now owns 127,013 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 23,465 shares in the last quarter. River & Mercantile Asset Management LLP boosted its holdings in Israel Chemicals Shs by 23.2% during the second quarter. River & Mercantile Asset Management LLP now owns 298,801 shares of the basic materials company’s stock valued at $1,412,000 after purchasing an additional 56,301 shares in the last quarter. Citigroup Inc. boosted its holdings in Israel Chemicals Shs by 89.1% during the second quarter. Citigroup Inc. now owns 729,159 shares of the basic materials company’s stock valued at $3,445,000 after purchasing an additional 343,584 shares in the last quarter. Finally, FIL Ltd acquired a new stake in Israel Chemicals Shs during the second quarter valued at approximately $7,261,000. Hedge funds and other institutional investors own 6.08% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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