Agro Sector Ideas

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>>> ICL Group Ltd (NYSE:ICL)

https://www.yahoo.com/now/11-best-farmland-agriculture-stocks-211441951.html


Number of Hedge Fund Holders: 17

ICL Group Ltd (NYSE:ICL) is headquartered in Tel Aviv, Israel, and it operates as a specialty minerals and chemicals company worldwide. The company has four segments – Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions. It is one of the best agriculture stocks to invest in. In Q3 2022, ICL Group Ltd (NYSE:ICL) reported adjusted EBITDA of $1,049 million, up 139% versus $438 million in the last quarter. Adjusted EBITDA margin came in at 41.6%, up from 24.5% in the prior quarter.

On November 17, Barclays analyst Benjamin Theurer maintained an Equal Weight rating on ICL Group Ltd (NYSE:ICL) and lowered the price target on the shares to $11 from $12 after the earnings season. While the analyst remains positive about the broader agriculture space, he believes fiscal 2023 will in part be a year of relatively more normal earnings levels, with results beating performance prior to sanctions against Belarus being introduced and Russia's invasion of Ukraine.

According to Insider Monkey’s Q3 data, 17 hedge funds were bullish on ICL Group Ltd (NYSE:ICL), compared to 13 funds in the prior quarter.

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>>> ICL Group Ltd (ICL), together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products. The Potash segment extracts potash from the Dead Sea; mines and produces potash and salt; produces Polysulphate; produces, markets, and sells magnesium and magnesium alloys, as well as related by-products, including chlorine and sylvinite; and sells salt. The Phosphate Solutions segment uses phosphate commodity products to produce specialty products; produces and markets phosphate-based fertilizers, as well as sulphuric acid, green phosphoric acid, and phosphate fertilizers; and manufactures thermal phosphoric acid for various industrial end markets, such as oral care, cleaning products, paints and coatings, water treatment, asphalt modification, construction, and metal treatment. It also develops and produces functional food ingredients and phosphate additives for use in the processed meat, poultry, seafood, dairy, beverage, and baked goods markets; and produces milk and whey proteins for the food ingredients industry. The IAS segment develops, manufactures, markets, and sells fertilizers based primarily on nitrogen, potash, and phosphate, including water soluble specialty, liquid, soluble, and controlled-release fertilizers. It sells its products through marketing companies, agents, and distributors. The company was formerly known as Israel Chemicals Ltd. and changed its name to ICL Group Ltd in May 2020. The company was founded in 1968 and is headquartered in Tel Aviv, Israel.

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