Sociedad Química y Minera de Chile (NYSE:SQM) Price Target Lowered to $46.50 at The Goldman Sachs Group

Sociedad Química y Minera de Chile (NYSE:SQM) had its price target cut by The Goldman Sachs Group from $54.50 to $46.50 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price target on Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a hold rating for the company in a research note on Friday, April 19th. TheStreet cut Sociedad Química y Minera de Chile from a b- rating to a c rating in a research note on Friday, February 2nd. StockNews.com cut Sociedad Química y Minera de Chile from a hold rating to a sell rating in a research note on Monday, March 4th. JPMorgan Chase & Co. cut their price target on Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an overweight rating for the company in a research note on Tuesday, February 6th. Finally, BMO Capital Markets cut their price target on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an outperform rating for the company in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $65.18.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE SQM opened at $44.79 on Tuesday. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. Sociedad Química y Minera de Chile has a twelve month low of $38.50 and a twelve month high of $81.50. The stock has a 50 day moving average of $47.11 and a two-hundred day moving average of $49.64. The stock has a market cap of $12.79 billion, a P/E ratio of 6.35 and a beta of 1.07.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 37.86%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm posted $4.03 EPS. On average, research analysts forecast that Sociedad Química y Minera de Chile will post 4.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SQM. National Bank of Canada FI raised its position in Sociedad Química y Minera de Chile by 153.8% in the third quarter. National Bank of Canada FI now owns 825 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 500 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in Sociedad Química y Minera de Chile by 360.2% in the third quarter. Ronald Blue Trust Inc. now owns 1,155 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 904 shares during the last quarter. IFP Advisors Inc grew its holdings in Sociedad Química y Minera de Chile by 44.4% in the third quarter. IFP Advisors Inc now owns 1,539 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 473 shares during the last quarter. Redwood Wealth Management Group LLC grew its holdings in Sociedad Química y Minera de Chile by 3.2% in the third quarter. Redwood Wealth Management Group LLC now owns 5,903 shares of the basic materials company’s stock valued at $352,000 after purchasing an additional 185 shares during the last quarter. Finally, KG&L Capital Management LLC acquired a new stake in Sociedad Química y Minera de Chile in the third quarter valued at $361,000. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Company Profile

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.