Sociedad Quimica y Minera de Chile (NYSE:SQM) Receives $36.57 Consensus Price Target from Brokerages

Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) have been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $36.57.

Several analysts have commented on SQM shares. BMO Capital Markets cut shares of Sociedad Quimica y Minera de Chile from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $47.00 to $31.00 in a research note on Thursday, May 23rd. ValuEngine upgraded shares of Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. TheStreet cut shares of Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research note on Tuesday, March 19th. Vertical Group started coverage on shares of Sociedad Quimica y Minera de Chile in a research note on Monday, April 22nd. They issued a “sell” rating and a $23.00 price target on the stock. Finally, Zacks Investment Research cut shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 13th.

Shares of Sociedad Quimica y Minera de Chile stock opened at $28.79 on Friday. The company has a market cap of $7.66 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.30 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.92 and a quick ratio of 2.42. The business has a fifty day moving average price of $30.95. Sociedad Quimica y Minera de Chile has a fifty-two week low of $28.30 and a fifty-two week high of $49.21.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $504.20 million during the quarter, compared to the consensus estimate of $487.04 million. Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 18.06%. As a group, analysts anticipate that Sociedad Quimica y Minera de Chile will post 1.43 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were paid a $0.1989 dividend. This represents a yield of 3.3%. The ex-dividend date was Thursday, June 6th. Sociedad Quimica y Minera de Chile’s payout ratio is currently 59.28%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 7.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,304 shares of the basic materials company’s stock valued at $394,000 after buying an additional 681 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 6,198 shares of the basic materials company’s stock valued at $237,000 after buying an additional 970 shares in the last quarter. Osborn Williams & Donohoe LLC purchased a new stake in shares of Sociedad Quimica y Minera de Chile during the 1st quarter valued at about $45,000. First Trust Advisors LP raised its position in shares of Sociedad Quimica y Minera de Chile by 3.8% during the 1st quarter. First Trust Advisors LP now owns 38,876 shares of the basic materials company’s stock valued at $1,494,000 after buying an additional 1,420 shares in the last quarter. Finally, Reliance Trust Co. of Delaware raised its position in shares of Sociedad Quimica y Minera de Chile by 15.6% during the 1st quarter. Reliance Trust Co. of Delaware now owns 11,391 shares of the basic materials company’s stock valued at $438,000 after buying an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 10.52% of the company’s stock.

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.

Further Reading: Dividend Achievers

Analyst Recommendations for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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