Sociedad Química y Minera de Chile (NYSE:SQM) Upgraded to Buy by StockNews.com

Sociedad Química y Minera de Chile (NYSE:SQMGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

SQM has been the subject of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Sociedad Química y Minera de Chile from $100.00 to $125.00 in a report on Monday. Scotiabank raised shares of Sociedad Química y Minera de Chile from an “underperform” rating to a “sector perform” rating in a report on Monday, March 14th. Citigroup boosted their price objective on shares of Sociedad Química y Minera de Chile from $103.00 to $121.00 and gave the company a “buy” rating in a report on Friday, May 20th. Jefferies Financial Group boosted their price objective on shares of Sociedad Química y Minera de Chile from $60.00 to $65.00 in a report on Thursday, February 10th. Finally, Morgan Stanley downgraded shares of Sociedad Química y Minera de Chile from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $58.00 to $70.00 in a report on Thursday, March 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $84.22.

SQM traded down $7.16 on Tuesday, reaching $106.17. The company had a trading volume of 5,869,668 shares, compared to its average volume of 1,803,926. Sociedad Química y Minera de Chile has a fifty-two week low of $42.42 and a fifty-two week high of $115.76. The stock has a market cap of $27.94 billion, a P/E ratio of 23.08, a P/E/G ratio of 0.80 and a beta of 0.77. The company’s fifty day moving average is $85.35 and its 200 day moving average is $69.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.86 and a current ratio of 2.37.

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 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. Sociedad Química y Minera de Chile had a net margin of 30.17% and a return on equity of 40.37%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.01 billion. On average, sell-side analysts expect that Sociedad Química y Minera de Chile will post 7.97 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC acquired a new position in Sociedad Química y Minera de Chile during the 4th quarter worth approximately $26,000. Financial Management Professionals Inc. acquired a new position in Sociedad Química y Minera de Chile in the 1st quarter valued at approximately $26,000. Penserra Capital Management LLC acquired a new position in Sociedad Química y Minera de Chile in the 1st quarter valued at approximately $47,000. New York State Common Retirement Fund acquired a new position in Sociedad Química y Minera de Chile in the 1st quarter valued at approximately $81,000. Finally, Baldwin Brothers LLC MA acquired a new position in Sociedad Química y Minera de Chile in the 4th quarter valued at approximately $96,000. Institutional investors and hedge funds own 19.99% of the company’s stock.

Sociedad Química y Minera de Chile Company Profile (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.

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

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