Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) have received an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $85.88.

SQM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Sociedad Química y Minera de Chile from $98.00 to $122.00 in a report on Friday. Morgan Stanley downgraded shares of Sociedad Química y Minera de Chile from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $58.00 to $70.00 in a report on Thursday, March 31st. Loop Capital initiated coverage on shares of Sociedad Química y Minera de Chile in a report on Monday, January 24th. They set a “buy” rating and a $102.00 target price for the company. Jefferies Financial Group raised their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $65.00 in a report on Thursday, February 10th. Finally, StockNews.com initiated coverage on shares of Sociedad Química y Minera de Chile in a report on Thursday, March 31st. They set a “hold” rating for the company.

Shares of SQM traded up $0.23 during trading hours on Friday, reaching $95.46. The company had a trading volume of 217,071 shares, compared to its average volume of 1,962,911. The firm has a 50 day simple moving average of $80.67 and a 200-day simple moving average of $66.75. The company has a current ratio of 4.62, a quick ratio of 3.43 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $25.13 billion, a price-to-earnings ratio of 45.79, a PEG ratio of 0.36 and a beta of 0.77. Sociedad Química y Minera de Chile has a 12-month low of $40.53 and a 12-month high of $96.50.

Sociedad Química y Minera de Chile (NYSE:SQMGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a net margin of 20.45% and a return on equity of 19.57%. Sell-side analysts forecast that Sociedad Química y Minera de Chile will post 6.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Friday, April 29th were issued a dividend of $0.063 per share. The ex-dividend date was Thursday, April 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.26%. Sociedad Química y Minera de Chile’s dividend payout ratio (DPR) is presently 12.08%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SQM. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter worth approximately $26,000. Financial Management Professionals Inc. acquired a new stake in shares of Sociedad Química y Minera de Chile in the first quarter worth approximately $26,000. Penserra Capital Management LLC acquired a new position in Sociedad Química y Minera de Chile during the first quarter valued at approximately $47,000. New York State Common Retirement Fund acquired a new position in Sociedad Química y Minera de Chile during the first quarter valued at approximately $81,000. Finally, Baldwin Brothers LLC MA acquired a new position in Sociedad Química y Minera de Chile during the fourth quarter valued at approximately $96,000. 19.99% of the stock is currently owned by institutional investors and hedge funds.

About Sociedad Química y Minera de Chile (Get Rating)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

Featured Articles

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

Receive News & Ratings for Sociedad Química y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Química y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.