Israel Chemicals Ltd. (ICL) Forms $4.56 Double Bottom; Transocean (RIG) Sentiment Is 1.04

Transocean Ltd. (NYSE:RIG) Logo

Israel Chemicals Ltd. (ICL) formed double bottom with $4.24 target or 7.00% below today’s $4.56 share price. Israel Chemicals Ltd. (ICL) has $5.89B valuation. The stock decreased 0.65% or $0.03 during the last trading session, reaching $4.56. About 95,256 shares traded. Israel Chemicals Ltd. (NYSE:ICL) has declined 3.89% since April 28, 2017 and is downtrending. It has underperformed by 15.44% the S&P500.

Transocean Inc (RIG) investors sentiment increased to 1.04 in 2017 Q4. It’s up 0.09, from 0.95 in 2017Q3. The ratio has improved, as 170 hedge funds started new and increased positions, while 164 decreased and sold positions in Transocean Inc. The hedge funds in our database now have: 275.51 million shares, down from 280.42 million shares in 2017Q3. Also, the number of hedge funds holding Transocean Inc in top ten positions decreased from 6 to 3 for a decrease of 3. Sold All: 52 Reduced: 112 Increased: 101 New Position: 69.

Analysts await Israel Chemicals Ltd. (NYSE:ICL) to report earnings on May, 10 before the open. They expect $0.07 EPS, up 40.00% or $0.02 from last year’s $0.05 per share. ICL’s profit will be $90.37 million for 16.29 P/E if the $0.07 EPS becomes a reality. After $0.11 actual EPS reported by Israel Chemicals Ltd. for the previous quarter, Wall Street now forecasts -36.36% negative EPS growth.

Among 4 analysts covering Israel Chemical (NYSE:ICL), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Israel Chemical has $6 highest and $4.5 lowest target. $4.75’s average target is 4.17% above currents $4.56 stock price. Israel Chemical had 8 analyst reports since September 22, 2015 according to SRatingsIntel. Jefferies initiated the stock with “Hold” rating in Thursday, May 25 report. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. The firm has “Hold” rating given on Thursday, October 5 by BMO Capital Markets. The company was downgraded on Tuesday, September 22 by Goldman Sachs. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, November 8. BMO Capital Markets maintained Israel Chemicals Ltd. (NYSE:ICL) rating on Thursday, July 6. BMO Capital Markets has “Hold” rating and $4.5000 target. As per Friday, September 1, the company rating was maintained by BMO Capital Markets.

Ratings analysis reveals 33% of Transocean’s analysts are positive. Out of 9 Wall Street analysts rating Transocean, 3 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $14.0 while the high is $21.0. The stock’s average target of $17.33 is 39.53% above today’s ($12.42) share price. RIG was included in 9 notes of analysts from August 25, 2016. The firm has “Equal-Weight” rating given on Wednesday, October 26 by Morgan Stanley. The rating was upgraded by Credit Suisse to “Neutral” on Friday, September 23. The stock of Transocean Ltd. (NYSE:RIG) has “Sector Outperform” rating given on Tuesday, October 4 by Howard Weil. Citigroup upgraded the stock to “Neutral” rating in Thursday, August 25 report. RBC Capital Markets downgraded Transocean Ltd. (NYSE:RIG) on Friday, December 16 to “Underperform” rating. The firm earned “Outperform” rating on Friday, December 2 by Bernstein. The company was upgraded on Wednesday, January 25 by Piper Jaffray. The firm has “Equal Weight” rating by CapitalOne given on Tuesday, December 13. The stock of Transocean Ltd. (NYSE:RIG) has “Buy” rating given on Thursday, February 9 by R. F. Lafferty.

Odey Asset Management Group Ltd holds 6.73% of its portfolio in Transocean Ltd. for 6.93 million shares. Contrarius Investment Management Ltd owns 10.43 million shares or 5.54% of their US portfolio. Moreover, Horseman Capital Management Ltd has 4.58% invested in the company for 2.04 million shares. The Illinois-based Sheffield Asset Management L.L.C. has invested 3.93% in the stock. Tensile Capital Management Llc, a California-based fund reported 1.19 million shares.

Analysts await Transocean Ltd. (NYSE:RIG) to report earnings on April, 30 after the close. They expect $-0.31 EPS, down 3,200.00% or $0.32 from last year’s $0.01 per share. After $-0.24 actual EPS reported by Transocean Ltd. for the previous quarter, Wall Street now forecasts 29.17% negative EPS growth.

The stock decreased 0.48% or $0.06 during the last trading session, reaching $12.42. About 9.70 million shares traded. Transocean Ltd. (RIG) has declined 18.26% since April 28, 2017 and is downtrending. It has underperformed by 29.81% the S&P500.

Transocean Ltd. (NYSE:RIG) Ratings Chart