Brokerages Set Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Price Target at $66.58

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $65.18.

Several brokerages have commented on SQM. BMO Capital Markets lowered their price target on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. TheStreet downgraded shares of Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. The Goldman Sachs Group lowered their price objective on shares of Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a “neutral” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and raised their price objective for the stock from $52.00 to $62.80 in a research note on Monday, April 8th.

Sociedad Química y Minera de Chile Price Performance

NYSE SQM opened at $43.52 on Friday. The company has a 50 day simple moving average of $47.17 and a 200-day simple moving average of $49.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.49 and a quick ratio of 1.74. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 6.17 and a beta of 1.07. Sociedad Química y Minera de Chile has a 52-week low of $38.50 and a 52-week high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a return on equity of 37.86% and a net margin of 26.95%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company posted $4.03 EPS. Equities research analysts predict that Sociedad Química y Minera de Chile will post 4.18 earnings per share for the current fiscal year.

Institutional Trading of Sociedad Química y Minera de Chile

Institutional investors have recently made changes to their positions in the business. Accent Capital Management LLC acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at $47,000. CWM LLC grew its holdings in shares of Sociedad Química y Minera de Chile by 40.1% in the 1st quarter. CWM LLC now owns 790 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 226 shares during the last quarter. National Bank of Canada FI increased its position in shares of Sociedad Química y Minera de Chile by 153.8% during the 3rd quarter. National Bank of Canada FI now owns 825 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Sociedad Química y Minera de Chile by 133.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 830 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 475 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Sociedad Química y Minera de Chile in the third quarter valued at about $63,000. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.