Price Action To Observe: What Will Happen to Israel Chemicals Ltd. Next? The Stock Just Reaches 1 Year Low

Price Action To Observe: What Will Happen to Israel Chemicals Ltd. Next? The Stock Just Reaches 1 Year Low

The stock of Israel Chemicals Ltd. (NYSE:ICL) hit a new 52-week low and has $3.37 target or 5.00% below today’s $3.55 share price. The 7 months bearish chart indicates high risk for the $4.59B company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $3.37 price target is reached, the company will be worth $229.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 225,983 shares traded hands or 157.92% up from the average. Israel Chemicals Ltd. (NYSE:ICL) has declined 17.24% since March 29, 2016 and is downtrending. It has underperformed by 20.72% the S&P500.

Analysts await Israel Chemicals Ltd. (NYSE:ICL) to report earnings on November, 10. They expect $0.09 EPS, down 25.00% or $0.03 from last year’s $0.12 per share. ICL’s profit will be $116.37 million for 9.86 P/E if the $0.09 EPS becomes a reality. After $0.10 actual EPS reported by Israel Chemicals Ltd. for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Israel Chemicals Ltd. (NYSE:ICL) Ratings Coverage

Out of 2 analysts covering Israel Chemical (NYSE:ICL), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Israel Chemical has been the topic of 3 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Equal Weight” rating and $5.0 target price in Tuesday, January 12 report. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, September 22.

According to Zacks Investment Research, “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.”

More important recent Israel Chemicals Ltd. (NYSE:ICL) news were published by: Quotes.Wsj.com which released: “News Israel Chemicals Ltd.ICL” on December 04, 2013, also Reuters.com published article titled: “Israel Chemicals sells potash to India at decade-low price -sourc…”, Seekingalpha.com published: “Israel Chemicals CEO Borgas to resign” on September 09, 2016. More interesting news about Israel Chemicals Ltd. (NYSE:ICL) was released by: Bloomberg.com and their article: “Israel Chemicals Says Chile Miner SQM a ‘Good Fit'” with publication date: March 20, 2015.

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