Sociedad Quimica y Minera de Chile (SQM) Receives Average Recommendation of “Hold” from Analysts

Sociedad Quimica y Minera de Chile (NYSE:SQM) has received an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $52.00.

A number of research firms have issued reports on SQM. Zacks Investment Research cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Deutsche Bank set a $50.00 price objective on shares of Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a research report on Wednesday, November 28th. JPMorgan Chase & Co. set a $52.00 target price on shares of Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a report on Friday, November 16th. Jefferies Financial Group started coverage on shares of Sociedad Quimica y Minera de Chile in a research note on Wednesday, October 3rd. They issued a “hold” rating and a $51.00 price objective on the stock. Finally, TheStreet raised shares of Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a research note on Monday, October 1st.

Large investors have recently bought and sold shares of the company. Federated Investors Inc. PA bought a new stake in shares of Sociedad Quimica y Minera de Chile in the third quarter worth approximately $70,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Sociedad Quimica y Minera de Chile in the second quarter worth $130,000. Tower Research Capital LLC TRC purchased a new stake in Sociedad Quimica y Minera de Chile during the third quarter valued at $162,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Sociedad Quimica y Minera de Chile during the second quarter valued at $202,000. Finally, Cozad Asset Management Inc. purchased a new stake in Sociedad Quimica y Minera de Chile during the second quarter valued at $210,000. 10.61% of the stock is owned by hedge funds and other institutional investors.

Shares of SQM stock traded down $0.22 during trading hours on Friday, hitting $41.97. The company had a trading volume of 508,938 shares, compared to its average volume of 820,705. The firm has a market cap of $10.86 billion, a P/E ratio of 25.75, a P/E/G ratio of 0.94 and a beta of 1.22. The company has a current ratio of 4.34, a quick ratio of 2.64 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a 12 month low of $36.70 and a 12 month high of $64.20.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Wednesday, November 21st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.07). Sociedad Quimica y Minera de Chile had a return on equity of 20.13% and a net margin of 19.41%. The firm had revenue of $543.20 million for the quarter, compared to analyst estimates of $596.76 million. Sell-side analysts forecast that Sociedad Quimica y Minera de Chile will post 1.78 EPS for the current year.

The company also recently declared a semiannual dividend, which was paid on Monday, December 24th. Shareholders of record on Wednesday, December 5th were issued a $0.3173 dividend. This represents a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, December 4th. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is presently 49.08%.

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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