Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Receives $45.56 Consensus Target Price from Analysts

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $45.56.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $44.00 in a report on Friday, October 11th. Scotiabank reduced their price objective on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st.

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Sociedad Química y Minera de Chile by 204.9% in the 2nd quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company’s stock valued at $84,000 after acquiring an additional 1,385 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Sociedad Química y Minera de Chile by 47.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 683 shares during the last quarter. Blue Trust Inc. grew its stake in Sociedad Química y Minera de Chile by 216.6% in the third quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 1,978 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of Sociedad Química y Minera de Chile during the 3rd quarter worth approximately $202,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Sociedad Química y Minera de Chile by 216.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,968 shares of the basic materials company’s stock worth $207,000 after purchasing an additional 3,398 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

Shares of SQM stock opened at $37.34 on Wednesday. The firm’s 50 day moving average price is $38.65 and its two-hundred day moving average price is $39.03. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. Sociedad Química y Minera de Chile has a 52-week low of $32.24 and a 52-week high of $64.62. The stock has a market cap of $10.67 billion, a PE ratio of -33.64 and a beta of 1.03.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.