Wall Street Zen cut ICL Group stock to a Hold rating

Published on 10/09/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 2.13 billion, beating USD 2.01 billion consensus. The latest Hold view carried a USD 6.00 target for ICL Group stock.

Key points in brief

Wall Street Zen cut ICL Group stock to a Hold rating on September 19, 2026.
Second-quarter revenue reached USD 2.13 billion versus USD 2.01 billion consensus.
ICL reported adjusted EBITDA of USD 448.00 million, up 28.00 percent year over year.
NYSE quote data showed USD 5.00 against a USD 5.08 prior close on October 8, 2026.
ICL plans a four-division structure from the first quarter of 2027.

ICL, IL0002810146, Illustration mit AI erstellt.

ICL Group (ISIN IL0002810146) had its rating cut to Hold by Wall Street Zen on September 19, 2026, according to MarketBeat. The same source reported second-quarter earnings per share of USD 0.12 versus USD 0.11 consensus and revenue of USD 2.13 billion versus USD 2.01 billion consensus.

Three milestones shape the story

Simply Wall St reported that ICL's first-quarter 2026 sales reached USD 2.02 billion, up 14.00 percent year over year, on May 13, 2026. On August 5, 2026, Plutux recorded second-quarter sales of USD 2.10 billion, up 17.00 percent year over year, with adjusted EBITDA of USD 448.00 million, up 28.00 percent.

The latest milestone was the September 19, 2026 rating change. MarketBeat said the quarterly result exceeded consensus, but the report also put the current analyst stance at Hold. This creates a measurable contrast between operating improvement and a cautious valuation view.

What does Elevate mean for margins?

ICL's August 5, 2026 earnings transcript describes Elevate as a company-wide cost program. According to Plutux, management expects more than USD 150.00 million of annual EBITDA improvement by the end of 2027 and more than USD 350.00 million annually by the end of 2028. The same transcript records reiterated 2026 consolidated EBITDA guidance of USD 1.50 billion to USD 1.70 billion.

The program therefore has a clear numerical hurdle: the lower end of the 2026 EBITDA outlook is USD 1.50 billion, while the longer-term annual improvement target exceeds USD 350.00 million. Management also cited higher raw material costs and more than USD 40.00 million of exchange-rate impact in the second quarter, making execution and cost absorption central to the margin debate.

The next dated milestone is Q1 2027

ICL plans to implement its new organizational structure in the first quarter of 2027, according to Plutux. The four-division model is intended to separate food activities, combine potash and phosphate fertilizers, and consolidate industrial activities. That timetable gives investors a concrete date for judging whether the reorganization improves reporting visibility and supports the savings targets.

NYSE quote sets the risk frame

ICL's latest primary-market quote was USD 5.00 on the NYSE on October 8, 2026 at 4:00 p.m. ET, versus a USD 5.08 prior close. Market capitalization stood at USD 6.5 billion as of October 8, 2026, while the company operates in agricultural inputs and specialty minerals and chemicals.