Sociedad Química y Minera (SQM) Upgraded at ValuEngine

Sociedad Química y Minera (NYSE:SQM) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently commented on SQM. Scotiabank reissued a “hold” rating and issued a $60.00 target price on shares of Sociedad Química y Minera in a report on Thursday, January 18th. Deutsche Bank raised shares of Sociedad Química y Minera from a “hold” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $70.00 in a report on Thursday, January 18th. Citigroup raised shares of Sociedad Química y Minera from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 17th. Morgan Stanley downgraded shares of Sociedad Química y Minera from an “equal weight” rating to an “underweight” rating in a research note on Monday, February 26th. Finally, Zacks Investment Research downgraded shares of Sociedad Química y Minera from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $57.65.

SQM stock opened at $54.53 on Thursday. Sociedad Química y Minera has a one year low of $32.38 and a one year high of $64.20. The company has a current ratio of 3.30, a quick ratio of 2.09 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $14,725.87, a PE ratio of 33.45, a P/E/G ratio of 1.21 and a beta of 1.05.

Sociedad Química y Minera (NYSE:SQM) last released its earnings results on Wednesday, February 28th. The basic materials company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Sociedad Química y Minera had a net margin of 19.70% and a return on equity of 19.01%. The firm had revenue of $574.80 million for the quarter, compared to the consensus estimate of $518.56 million. equities research analysts predict that Sociedad Química y Minera will post 1.63 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in SQM. Iridian Asset Management LLC CT purchased a new stake in Sociedad Química y Minera during the fourth quarter valued at $135,108,000. Standard Life Aberdeen plc purchased a new stake in Sociedad Química y Minera during the fourth quarter valued at $120,534,000. BlackRock Inc. raised its stake in Sociedad Química y Minera by 44.3% during the fourth quarter. BlackRock Inc. now owns 1,518,151 shares of the basic materials company’s stock valued at $90,132,000 after purchasing an additional 466,339 shares in the last quarter. Renaissance Technologies LLC raised its stake in Sociedad Química y Minera by 34.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,214,300 shares of the basic materials company’s stock valued at $72,093,000 after purchasing an additional 313,000 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Sociedad Química y Minera by 36.6% during the fourth quarter. Two Sigma Investments LP now owns 927,689 shares of the basic materials company’s stock valued at $55,077,000 after acquiring an additional 248,754 shares during the last quarter. 12.74% of the stock is currently owned by institutional investors.

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About Sociedad Química y Minera

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sociedad Química y Minera (NYSE:SQM)

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