Sociedad Quimica y Minera de Chile (SQM) Receives $56.38 Consensus PT from Analysts


Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) have received an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $56.38.


A number of equities analysts have commented on SQM shares. Morgan Stanley cut shares of Sociedad Quimica y Minera de Chile from an “equal weight” rating to an “underweight” rating in a research note on Monday, February 26th. Zacks Investment Research cut shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Scotiabank set a $50.00 price target on shares of Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a research note on Tuesday, December 19th. JPMorgan Chase raised shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research note on Wednesday, February 7th. Finally, Citigroup raised shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 17th.


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Several institutional investors have recently made changes to their positions in the company. Iridian Asset Management LLC CT purchased a new stake in shares of Sociedad Quimica y Minera de Chile in the 4th quarter valued at $135,108,000. Standard Life Aberdeen plc purchased a new stake in shares of Sociedad Quimica y Minera de Chile in the 4th quarter valued at $120,534,000. BlackRock Inc. boosted its stake in shares of Sociedad Quimica y Minera de Chile by 44.3% in the 4th quarter. BlackRock Inc. now owns 1,518,151 shares of the basic materials company’s stock valued at $90,132,000 after purchasing an additional 466,339 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sociedad Quimica y Minera de Chile by 34.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,214,300 shares of the basic materials company’s stock valued at $72,093,000 after purchasing an additional 313,000 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Sociedad Quimica y Minera de Chile by 36.6% in the 4th quarter. Two Sigma Investments LP now owns 927,689 shares of the basic materials company’s stock valued at $55,077,000 after purchasing an additional 248,754 shares in the last quarter. 12.76% of the stock is owned by institutional investors.


SQM stock opened at $53.00 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.30 and a quick ratio of 2.09. Sociedad Quimica y Minera de Chile has a one year low of $32.38 and a one year high of $64.20. The company has a market capitalization of $13,894.17, a price-to-earnings ratio of 32.52, a P/E/G ratio of 1.14 and a beta of 1.05.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. Sociedad Quimica y Minera de Chile had a net margin of 19.70% and a return on equity of 19.01%. The business had revenue of $574.80 million during the quarter, compared to analysts’ expectations of $518.56 million. equities research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.63 earnings per share for the current fiscal year.


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Sociedad Quimica y Minera de Chile Company Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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