Brokerages Set Sociedad Quimica y Minera de Chile (SQM) PT at $38.60

Sociedad Quimica y Minera de Chile (NYSE:SQM) has been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $38.60.

A number of equities analysts have recently commented on SQM shares. Zacks Investment Research lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Citigroup lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $53.00 to $41.00 in a research note on Tuesday, March 5th. Deutsche Bank lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. TheStreet lowered Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research note on Tuesday, March 19th. Finally, Vertical Group started coverage on Sociedad Quimica y Minera de Chile in a research note on Monday, April 22nd. They issued a “sell” rating and a $23.00 price objective on the stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 106.9% in the 4th quarter. FMR LLC now owns 2,126,310 shares of the basic materials company’s stock worth $81,438,000 after acquiring an additional 1,098,410 shares in the last quarter. Standard Life Aberdeen plc increased its position in shares of Sociedad Quimica y Minera de Chile by 0.3% in the 4th quarter. Standard Life Aberdeen plc now owns 1,927,000 shares of the basic materials company’s stock valued at $75,008,000 after buying an additional 5,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Sociedad Quimica y Minera de Chile by 11.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,449,337 shares of the basic materials company’s stock valued at $55,510,000 after buying an additional 154,410 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Sociedad Quimica y Minera de Chile by 3.6% in the 1st quarter. Macquarie Group Ltd. now owns 1,234,384 shares of the basic materials company’s stock valued at $47,450,000 after buying an additional 42,504 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Sociedad Quimica y Minera de Chile by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,213,590 shares of the basic materials company’s stock valued at $55,485,000 after buying an additional 52,943 shares in the last quarter. Hedge funds and other institutional investors own 11.08% of the company’s stock.

Shares of Sociedad Quimica y Minera de Chile stock traded down $0.79 during trading on Thursday, reaching $32.90. The company’s stock had a trading volume of 540,861 shares, compared to its average volume of 832,353. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32. The firm has a market capitalization of $8.66 billion, a PE ratio of 19.70, a PEG ratio of 1.36 and a beta of 1.02. Sociedad Quimica y Minera de Chile has a one year low of $33.50 and a one year high of $58.11.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Thursday, February 28th. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The business had revenue of $565.20 million during the quarter, compared to the consensus estimate of $560.66 million. Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%. Research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.59 earnings per share for the current year.

The company also recently declared a dividend, which was paid on Friday, May 3rd. Investors of record on Friday, May 3rd were paid a dividend of $0.268 per share. The ex-dividend date of this dividend was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s dividend payout ratio is 64.07%.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química 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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