Sociedad Química y Minera de Chile (NYSE:SQM) PT Lowered to $55.00

Sociedad Química y Minera de Chile (NYSE:SQM) had its target price cut by Jefferies Financial Group from $62.80 to $55.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a neutral rating to a buy rating in a report on Friday, August 9th. Berenberg Bank initiated coverage on Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They set a hold rating and a $35.00 price target for the company. BMO Capital Markets cut their price objective on Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an outperform rating on the stock in a research note on Friday, May 24th. Bank of America decreased their target price on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an underperform rating for the company in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a hold rating on the stock in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $53.94.

Sociedad Química y Minera de Chile Stock Up 4.3 %

Shares of Sociedad Química y Minera de Chile stock opened at $38.79 on Monday. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 27.91 and a beta of 1.05. The stock has a 50-day simple moving average of $38.85 and a 200-day simple moving average of $43.91. Sociedad Química y Minera de Chile has a 52-week low of $32.24 and a 52-week high of $64.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.47.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.24). The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. During the same period in the previous year, the business posted $2.03 EPS. On average, equities research analysts expect that Sociedad Química y Minera de Chile will post -0.88 earnings per share for the current fiscal year.

Institutional Trading of Sociedad Química y Minera de Chile

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its position in shares of Sociedad Química y Minera de Chile by 40.1% during the 1st quarter. CWM LLC now owns 790 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 226 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sociedad Química y Minera de Chile by 0.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,111 shares of the basic materials company’s stock valued at $3,876,000 after purchasing an additional 275 shares in the last quarter. Greenleaf Trust grew its stake in shares of Sociedad Química y Minera de Chile by 3.7% in the 1st quarter. Greenleaf Trust now owns 8,216 shares of the basic materials company’s stock valued at $404,000 after purchasing an additional 295 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Sociedad Química y Minera de Chile by 3.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,037 shares of the basic materials company’s stock worth $531,000 after buying an additional 401 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Sociedad Química y Minera de Chile by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 9,293 shares of the basic materials company’s stock worth $564,000 after buying an additional 450 shares during the period. 12.41% of the stock is currently owned by institutional investors and hedge funds.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.