Israel Chemicals Ltd. (NYSE:ICL) shares saw unusually-high trading volume on Tuesday . Approximately 2,466,224 shares changed hands during mid-day trading, an increase of 620% from the previous session’s volume of 342,547 shares.The stock last traded at $4.56 and had previously closed at $4.49.
ICL has been the subject of several recent research reports. Zacks Investment Research raised Israel Chemicals from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. ValuEngine downgraded Israel Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, TheStreet raised Israel Chemicals from a “c+” rating to a “b-” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Israel Chemicals has an average rating of “Hold” and a consensus target price of $5.00.
The company has a market capitalization of $5,840.50, a P/E ratio of 16.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 0.64.
Institutional investors and hedge funds have recently modified their holdings of the business. Stevens Capital Management LP acquired a new stake in shares of Israel Chemicals in the 3rd quarter worth $105,000. Two Sigma Advisers LP acquired a new stake in shares of Israel Chemicals in the 4th quarter worth $116,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Israel Chemicals in the 4th quarter worth $171,000. Geode Capital Management LLC acquired a new stake in shares of Israel Chemicals in the 4th quarter worth $182,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Israel Chemicals in the 3rd quarter worth $214,000. 7.96% of the stock is owned by institutional investors and hedge funds.
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Israel Chemicals 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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