Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Receives $83.39 Average Price Target from Brokerages

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $83.39.

A number of equities research analysts recently commented on SQM shares. BMO Capital Markets decreased their price target on Sociedad Química y Minera de Chile from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, August 18th. JPMorgan Chase & Co. lowered their price target on shares of Sociedad Química y Minera de Chile from $97.00 to $93.00 and set an “overweight” rating for the company in a report on Friday, July 21st. Scotiabank reduced their price objective on Sociedad Química y Minera de Chile from $86.00 to $85.00 and set a “sector perform” rating on the stock in a report on Monday, August 21st. Loop Capital cut their price target on Sociedad Química y Minera de Chile from $83.00 to $71.00 and set a “hold” rating on the stock in a research note on Monday, August 28th. Finally, Bank of America decreased their price target on Sociedad Química y Minera de Chile from $73.00 to $69.00 and set a “neutral” rating on the stock in a report on Friday, August 18th.

Institutional Trading of Sociedad Química y Minera de Chile

Several hedge funds have recently added to or reduced their stakes in the business. Fortis Capital Advisors LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter worth $26,000. First Capital Advisors Group LLC. acquired a new position in shares of Sociedad Química y Minera de Chile during the second quarter worth about $26,000. Gradient Investments LLC bought a new position in shares of Sociedad Química y Minera de Chile during the first quarter worth about $31,000. Accel Wealth Management acquired a new stake in Sociedad Química y Minera de Chile in the 1st quarter valued at approximately $32,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in Sociedad Química y Minera de Chile in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 14.94% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

Sociedad Química y Minera de Chile stock opened at $59.29 on Thursday. The business has a 50 day simple moving average of $70.21 and a 200 day simple moving average of $72.96. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.39 and a quick ratio of 1.67. The company has a market capitalization of $16.94 billion, a PE ratio of 4.73, a price-to-earnings-growth ratio of 0.37 and a beta of 1.02. Sociedad Química y Minera de Chile has a one year low of $59.13 and a one year high of $115.72.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, August 16th. The basic materials company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.59). Sociedad Química y Minera de Chile had a net margin of 34.41% and a return on equity of 71.64%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business posted $3.01 earnings per share. On average, sell-side analysts forecast that Sociedad Química y Minera de Chile will post 11.06 EPS for the current fiscal year.

Sociedad Química y Minera de Chile Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, January 1st were paid a $0.5119 dividend. This represents a $2.05 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, July 13th. Sociedad Química y Minera de Chile’s payout ratio is presently 15.95%.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium 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.