Sociedad Química y Minera de Chile (NYSE:SQM) PT Lowered to $55.00 at Jefferies Financial Group

Sociedad Química y Minera de Chile (NYSE:SQM) had its target price cut by Jefferies Financial Group from $62.80 to $55.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

SQM has been the topic of several other reports. The Goldman Sachs Group raised Sociedad Química y Minera de Chile from a neutral rating to a buy rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a hold rating on the stock in a research report on Thursday, July 18th. Bank of America dropped their price target on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an underperform rating on the stock in a research report on Wednesday, August 21st. Berenberg Bank started coverage on Sociedad Química y Minera de Chile in a research report on Wednesday, July 31st. They issued a hold rating and a $35.00 price target on the stock. Finally, BMO Capital Markets lowered their price objective on Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an outperform rating on the stock in a research report on Friday, May 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $53.94.

Sociedad Química y Minera de Chile Stock Down 1.0 %

SQM opened at $37.18 on Monday. The business has a 50 day moving average price of $38.88 and a 200 day moving average price of $43.95. Sociedad Química y Minera de Chile has a twelve month low of $32.24 and a twelve month high of $64.62. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.61 and a current ratio of 2.34. The firm has a market cap of $10.62 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 11.53 and a beta of 1.05.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its earnings results on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.24). The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Sociedad Química y Minera de Chile had a return on equity of 30.74% and a net margin of 6.25%. During the same quarter last year, the firm posted $2.03 earnings per share. Research analysts forecast that Sociedad Química y Minera de Chile will post 1.36 EPS for the current year.

Institutional Trading of Sociedad Química y Minera de Chile

Several institutional investors have recently bought and sold shares of SQM. International Assets Investment Management LLC acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at $2,611,000. Atria Wealth Solutions Inc. boosted its stake in Sociedad Química y Minera de Chile by 5.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 9,293 shares of the basic materials company’s stock valued at $564,000 after buying an additional 450 shares in the last quarter. Chase Investment Counsel Corp boosted its stake in Sociedad Química y Minera de Chile by 29.4% in the 4th quarter. Chase Investment Counsel Corp now owns 16,000 shares of the basic materials company’s stock valued at $963,000 after buying an additional 3,640 shares in the last quarter. Triumph Capital Management boosted its stake in Sociedad Química y Minera de Chile by 11.5% in the 4th quarter. Triumph Capital Management now owns 11,481 shares of the basic materials company’s stock valued at $691,000 after buying an additional 1,187 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its stake in Sociedad Química y Minera de Chile by 3.1% in the 4th quarter. Natixis Advisors L.P. now owns 42,805 shares of the basic materials company’s stock valued at $2,577,000 after buying an additional 1,277 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

About Sociedad Química y Minera de Chile

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.