Sociedad Química y Minera de Chile (NYSE:SQM) Price Target Cut to $42.00 by Analysts at Deutsche Bank Aktiengesellschaft

Sociedad Química y Minera de Chile (NYSE:SQM) had its price objective lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $48.00 to $42.00 in a report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 6.65% from the stock’s current price.

Other equities research analysts have also issued reports about the company. BMO Capital Markets dropped 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 report on Friday, March 1st. JPMorgan Chase & Co. dropped their target price on Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Jefferies Financial Group upgraded Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $62.80 in a report on Monday, April 8th. Scotiabank dropped their price objective on shares of Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating for the company in a report on Monday, March 4th. Finally, TheStreet downgraded shares of Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Sociedad Química y Minera de Chile currently has a consensus rating of “Hold” and a consensus target price of $65.98.

Sociedad Química y Minera de Chile Stock Down 1.8 %

NYSE SQM opened at $44.99 on Friday. The business has a fifty day moving average price of $46.96 and a 200 day moving average price of $49.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 2.49. The company has a market cap of $12.85 billion, a P/E ratio of 6.38 and a beta of 1.07. Sociedad Química y Minera de Chile has a one year low of $38.50 and a one year high of $81.50.

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

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

A number of institutional investors have recently made changes to their positions in SQM. Fortis Capital Advisors LLC acquired a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth approximately $26,000. First Capital Advisors Group LLC. purchased a new stake in Sociedad Química y Minera de Chile in the second quarter valued at approximately $26,000. CWM LLC boosted its position in shares of Sociedad Química y Minera de Chile by 40.1% during the first quarter. CWM LLC now owns 790 shares of the basic materials company’s stock worth $39,000 after buying an additional 226 shares during the period. National Bank of Canada FI grew its stake in shares of 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 valued at $46,000 after buying an additional 500 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new stake in shares of Sociedad Química y Minera de Chile in the 4th quarter valued at $47,000. 12.41% of the stock is currently owned by institutional investors and hedge funds.

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.