Sociedad Quimica y Minera S.A. (NYSE:SQM) Receives $75.27 Average PT from Analysts

Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) have been given a consensus rating of “Hold” by the fifteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $76.2727.

SQM has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Sociedad Quimica y Minera from $64.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. downgraded shares of Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $94.00 to $100.00 in a report on Tuesday, June 2nd. Scotiabank increased their price target on Sociedad Quimica y Minera from $93.00 to $104.00 and gave the company a “sector outperform” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Sociedad Quimica y Minera from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th.

Hedge Funds Weigh In On Sociedad Quimica y Minera

Large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of 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 valued at $305,000 after purchasing an additional 210 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of 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 purchasing an additional 248 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of 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 during the period. EverSource Wealth Advisors LLC increased its stake in shares of Sociedad Quimica y Minera by 59.5% in the first quarter. EverSource Wealth Advisors LLC now owns 839 shares of the basic materials company’s stock valued at $68,000 after buying an additional 313 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in Sociedad Quimica y Minera by 45.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,122 shares of the basic materials company’s stock valued at $77,000 after buying an additional 353 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors.

Sociedad Quimica y Minera Stock Up 0.5%

SQM stock opened at $82.40 on Friday. The stock has a market capitalization of $23.54 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 0.28 and a beta of 0.98. The company has a current ratio of 2.76, a quick ratio of 2.01 and a debt-to-equity ratio of 0.58. Sociedad Quimica y Minera has a 12 month low of $40.58 and a 12 month high of $98.00. The firm has a 50-day moving average price of $72.97 and a 200-day moving average price of $77.73.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings results on Wednesday, August 19th. The basic materials company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.28. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.24 billion. Sociedad Quimica y Minera had a net margin of 20.62% and a return on equity of 19.08%. The firm’s quarterly revenue was up 136.7% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. As a group, equities research analysts anticipate that Sociedad Quimica y Minera will post 7.33 EPS for the current fiscal year.

About Sociedad Quimica y Minera

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.