ICL Group Ltd (ICL) Q3 2024 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
0mins
Source: Newsfilter
Earnings Call Overview: ICL Group Ltd held its Q3 2024 earnings conference call on November 11, 2024, with key participants including CEO Raviv Zoller and CFO Aviram Lahav, discussing the company's financial performance and future outlook.
Forward-Looking Statements: The company emphasized that their comments may include forward-looking statements based on current expectations, which are not guarantees of future performance, and they have no obligation to update this information.
Analyst Views on ICL
Wall Street analysts forecast ICL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ICL is 6.00 USD with a low forecast of 6.00 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 5.510
Low
6.00
Averages
6.00
High
6.00
Current: 5.510
Low
6.00
Averages
6.00
High
6.00
About ICL
ICL Group Ltd, formerly known as Israel Chemicals Ltd, is an Israel-based company, which is engaged in the fertilizer and specialty chemical sectors. The Company operates in three segments: Fertilizers, Industrial Products, and Performance Products. The Fertilizers segment is engaged in the production of standard, granular, fine red and white potash from different sources, as well as in the production of phosphates, such as phosphate rock, phosphoric acid, fertilizers and animal feed addictives. The Industrial Products segment produces flame retardants, such as brominates and organ phosphorus, elemental bromine, and other chemicals. The Performance Products segment produces specialty phosphates, such as technical, food grade and electronic grade phosphoric acid, phosphate salts, food additives and wildfire safety products, as well as alumina and other chemicals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
