Sociedad Quimica y Minera de Chile (NYSE:SQM) Receives $25.50 Average Price Target from Brokerages

Sociedad Quimica y Minera de Chile (NYSE:SQM) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.50.

Several equities analysts have commented on SQM shares. 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 research 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 research report on Monday, August 26th. 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 research report on Thursday, August 22nd. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, 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 research report on Friday, August 23rd.

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its holdings in Sociedad Quimica y Minera de Chile by 23.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,935 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 1,715 shares in the last quarter. Scotia Capital Inc. grew its holdings in shares of Sociedad Quimica y Minera de Chile by 3.0% in the second quarter. Scotia Capital Inc. now owns 16,047 shares of the basic materials company’s stock worth $499,000 after purchasing an additional 473 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sociedad Quimica y Minera de Chile by 494.1% in the second quarter. JPMorgan Chase & Co. now owns 148,998 shares of the basic materials company’s stock worth $4,701,000 after purchasing an additional 123,918 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Sociedad Quimica y Minera de Chile by 8.7% in the third quarter. Eqis Capital Management Inc. now owns 46,209 shares of the basic materials company’s stock worth $1,284,000 after purchasing an additional 3,681 shares during the last quarter. Finally, Baldwin Brothers Inc. MA bought a new position in shares of Sociedad Quimica y Minera de Chile in the third quarter worth approximately $82,000. 10.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Sociedad Quimica y Minera de Chile stock opened at $24.14 on Monday. The company has a current ratio of 2.77, a quick ratio of 1.78 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $6.35 billion, a P/E ratio of 14.46, a P/E/G ratio of 2.19 and a beta of 1.12. The business has a fifty day simple moving average of $25.94 and a two-hundred day simple moving average of $28.00. Sociedad Quimica y Minera de Chile has a 12 month low of $22.71 and a 12 month high of $45.38.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, November 20th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.03). The firm had revenue of $473.10 million for the quarter, compared to analysts’ expectations of $487.65 million. Sociedad Quimica y Minera de Chile had a net margin of 15.70% and a return on equity of 14.96%. Analysts predict that Sociedad Quimica y Minera de Chile will post 1.1 earnings per share for the current year.

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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