Analysts Set Sociedad Quimica y Minera de Chile (NYSE:SQM) PT at $25.50

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Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.50.

A number of research analysts have recently commented on the company. BMO Capital Markets set a $24.00 price objective on Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. lowered Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $29.00 to $23.00 in a report on Thursday, August 22nd. Jefferies Financial Group set a $26.00 price objective on Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a report on Friday, August 23rd. Citigroup reissued a “neutral” rating and set a $25.00 price objective (down previously from $33.00) on shares of Sociedad Quimica y Minera de Chile in a report on Monday, August 26th. Finally, ValuEngine lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Friday.

A number of large investors have recently made changes to their positions in the stock. Scotia Capital Inc. boosted its stake in Sociedad Quimica y Minera de Chile by 3.0% during the 2nd quarter. Scotia Capital Inc. now owns 16,047 shares of the basic materials company’s stock valued at $499,000 after purchasing an additional 473 shares during the period. Cornerstone Advisors Inc. boosted its stake in Sociedad Quimica y Minera de Chile by 156.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,285 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 784 shares during the period. Parallel Advisors LLC boosted its stake in Sociedad Quimica y Minera de Chile by 453.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,346 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,103 shares during the period. Tower Research Capital LLC TRC bought a new stake in Sociedad Quimica y Minera de Chile during the 3rd quarter valued at approximately $33,000. Finally, Stonebridge Capital Advisors LLC bought a new stake in Sociedad Quimica y Minera de Chile during the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 10.02% of the company’s stock.

Shares of NYSE SQM traded down $1.45 during mid-day trading on Thursday, reaching $26.65. 779,917 shares of the company traded hands, compared to its average volume of 754,689. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.83 and a current ratio of 2.80. The stock has a market cap of $7.29 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.54 and a beta of 1.18. The company’s fifty day moving average is $27.65 and its two-hundred day moving average is $29.45. Sociedad Quimica y Minera de Chile has a fifty-two week low of $22.71 and a fifty-two week high of $47.08.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, August 21st. The basic materials company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.09). The company had revenue of $494.10 million for the quarter, compared to analyst estimates of $525.73 million. Sociedad Quimica y Minera de Chile had a net margin of 16.27% and a return on equity of 16.04%. The business’s revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. Research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.11 earnings per share for the current year.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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Analyst Recommendations for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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