Sociedad Química y Minera de Chile (NYSE:SQM) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of Sociedad Química y Minera de Chile (NYSE:SQM) to a sell rating in a report published on Thursday morning.

Several other equities analysts have also recently issued reports on SQM. Berenberg Bank assumed coverage on Sociedad Química y Minera de Chile in a research report on Wednesday, July 31st. They set a “hold” rating and a $35.00 target price on the stock. Jefferies Financial Group dropped their price objective on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Bank of America reduced their target price on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. cut shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $44.00 in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.06.

Sociedad Química y Minera de Chile Stock Down 3.5 %

SQM stock opened at $38.26 on Thursday. Sociedad Química y Minera de Chile has a one year low of $32.24 and a one year high of $64.62. The stock has a market capitalization of $10.93 billion, a PE ratio of -34.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.47 and a current ratio of 2.94. The company has a fifty day moving average of $39.61 and a 200-day moving average of $40.59.

Institutional Trading of Sociedad Química y Minera de Chile

Several institutional investors and hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its stake in Sociedad Química y Minera de Chile by 43.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,024 shares of the basic materials company’s stock valued at $247,000 after buying an additional 1,517 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Sociedad Química y Minera de Chile by 8.4% in the first quarter. Lazard Asset Management LLC now owns 2,144,179 shares of the basic materials company’s stock valued at $105,407,000 after acquiring an additional 165,370 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Sociedad Química y Minera de Chile by 9.3% during the first quarter. Earnest Partners LLC now owns 1,019,368 shares of the basic materials company’s stock valued at $50,112,000 after acquiring an additional 86,811 shares during the last quarter. WealthPlan Investment Management LLC boosted its stake in shares of Sociedad Química y Minera de Chile by 108.1% during the first quarter. WealthPlan Investment Management LLC now owns 8,909 shares of the basic materials company’s stock valued at $438,000 after acquiring an additional 4,627 shares during the last quarter. Finally, Bluefin Capital Management LLC purchased a new stake in Sociedad Química y Minera de Chile during the 1st quarter worth about $251,000. Hedge funds and other institutional investors own 12.41% of the company’s stock.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.