Sociedad Quimica y Minera S.A. (NYSE:SQM) Receives $74.58 Average Target Price from Analysts

Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) have been given a consensus recommendation of “Hold” by the fifteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $73.5833.

Several research firms have commented on SQM. JPMorgan Chase & Co. downgraded shares of Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $94.00 to $100.00 in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Scotiabank decreased their target price on Sociedad Quimica y Minera from $105.00 to $93.00 and set a “sector outperform” rating for the company in a report on Tuesday. The Goldman Sachs Group boosted their target price on Sociedad Quimica y Minera from $64.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, CLSA raised Sociedad Quimica y Minera to an “outperform” rating in a research note on Tuesday, June 2nd.

Hedge Funds Weigh In On Sociedad Quimica y Minera

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of Sociedad Quimica y Minera by 37.0% in the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 177 shares during the period. Sequoia Financial Advisors LLC grew its position in Sociedad Quimica y Minera by 5.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,767 shares of the basic materials company’s stock worth $305,000 after buying an additional 210 shares during the period. Parallel Advisors LLC grew its position in Sociedad Quimica y Minera by 43.2% during the first quarter. Parallel Advisors LLC now owns 822 shares of the basic materials company’s stock worth $67,000 after buying an additional 248 shares during the period. GAMMA Investing LLC increased its holdings in Sociedad Quimica y Minera by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock valued at $30,000 after buying an additional 256 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Sociedad Quimica y Minera by 1.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,363 shares of the basic materials company’s stock valued at $988,000 after buying an additional 257 shares in the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Quimica y Minera Trading Up 1.5%

NYSE SQM opened at $68.55 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.01 and a current ratio of 2.76. The firm has a market cap of $19.58 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 0.18 and a beta of 0.97. The firm has a 50 day simple moving average of $75.23 and a 200-day simple moving average of $78.61. Sociedad Quimica y Minera has a one year low of $35.67 and a one year high of $98.00.

Sociedad Quimica y Minera (NYSE:SQM) last announced its earnings results on Saturday, May 16th. The basic materials company reported $1.28 earnings per share for the quarter. The firm had revenue of $1.76 billion for the quarter. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 11.99%. Equities research analysts anticipate that Sociedad Quimica y Minera will post 7.45 EPS for the current fiscal year.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.