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

Sociedad Quimica y Minera de Chile (NYSE:SQM) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.50.

SQM has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $29.00 to $23.00 in a research report on Thursday, August 22nd. Citigroup restated a “neutral” rating and set a $25.00 price target (down previously from $33.00) on shares of Sociedad Quimica y Minera de Chile in a research report on Monday, August 26th. BMO Capital Markets set a $24.00 price target on shares of Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a research report on Friday, August 23rd. Morgan Stanley upgraded shares of Sociedad Quimica y Minera de Chile from an “underweight” rating to an “equal weight” rating in a research report on Friday, July 12th. Finally, Jefferies Financial Group set a $26.00 price target on shares of Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a research report on Friday, August 23rd.

A number of hedge funds have recently added to or reduced their stakes in the business. Scotia Capital Inc. grew its stake in shares of Sociedad Quimica y Minera de Chile by 3.0% in the 2nd quarter. Scotia Capital Inc. now owns 16,047 shares of the basic materials company’s stock valued at $499,000 after buying an additional 473 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Sociedad Quimica y Minera de Chile by 494.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 148,998 shares of the basic materials company’s stock valued at $4,701,000 after buying an additional 123,918 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Sociedad Quimica y Minera de Chile by 1,719.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 363,864 shares of the basic materials company’s stock valued at $11,320,000 after buying an additional 343,864 shares during the period. Arden Trust Co purchased a new stake in shares of Sociedad Quimica y Minera de Chile in the 2nd quarter valued at approximately $350,000. Finally, Boston Common Asset Management LLC grew its stake in shares of Sociedad Quimica y Minera de Chile by 31.7% in the 2nd quarter. Boston Common Asset Management LLC now owns 638,382 shares of the basic materials company’s stock valued at $19,860,000 after buying an additional 153,585 shares during the period. Institutional investors own 10.04% of the company’s stock.

Shares of SQM traded down $0.09 during mid-day trading on Friday, hitting $28.37. 268,771 shares of the company were exchanged, compared to its average volume of 470,607. Sociedad Quimica y Minera de Chile has a 1-year low of $22.71 and a 1-year high of $48.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.83 and a current ratio of 2.80. The company has a 50 day moving average of $26.83 and a 200-day moving average of $30.55. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). Sociedad Quimica y Minera de Chile had a return on equity of 16.04% and a net margin of 16.27%. The company had revenue of $494.10 million for the quarter, compared to analyst estimates of $525.73 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 22.6% on a year-over-year basis. Research analysts anticipate that Sociedad Quimica y Minera de Chile will post 1.11 earnings per share for the current fiscal year.

The firm also recently disclosed a — dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were issued a $0.2667 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 4.3%. Sociedad Quimica y Minera de Chile’s payout ratio is 41.32%.

About Sociedad Quimica y Minera de Chile

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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