Sociedad Química y Minera de Chile (NYSE:SQM) Given New $42.00 Price Target at Deutsche Bank Aktiengesellschaft

Sociedad Química y Minera de Chile (NYSE:SQM) had its price target cut by Deutsche Bank Aktiengesellschaft from $48.00 to $42.00 in a research report released on Friday, Benzinga reports. They currently have a hold rating on the basic materials company’s stock.

A number of other equities analysts also recently issued reports on SQM. StockNews.com downgraded Sociedad Química y Minera de Chile from a hold rating to a sell rating in a research report on Monday, March 4th. BMO Capital Markets dropped their price objective on shares of Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an outperform rating on the stock in a report on Friday, March 1st. TheStreet lowered shares of Sociedad Química y Minera de Chile from a b- rating to a c rating in a report on Friday, February 2nd. 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 on the stock in a report on Monday, March 4th. Finally, Jefferies Financial Group raised shares of Sociedad Química y Minera de Chile from a hold rating to a buy rating and boosted their price objective for the company from $52.00 to $62.80 in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $65.98.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM stock opened at $44.99 on Friday. The business’s fifty day simple moving average is $46.96 and its 200-day simple moving average is $49.84. The company has a market cap of $12.85 billion, a PE ratio of 6.38 and a beta of 1.07. 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 12-month low of $38.50 and a 12-month high of $81.50.

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

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

Hedge funds have recently modified their holdings of the company. Fortis Capital Advisors LLC purchased a new stake in shares of Sociedad Química y Minera de Chile during the 4th quarter worth about $26,000. First Capital Advisors Group LLC. purchased a new stake in shares of Sociedad Química y Minera de Chile during the 2nd quarter worth about $26,000. Penserra Capital Management LLC purchased a new stake in shares of Sociedad Química y Minera de Chile during the 1st quarter worth about $47,000. Money Concepts Capital Corp purchased a new stake in shares of Sociedad Química y Minera de Chile during the 4th quarter worth about $52,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Sociedad Química y Minera de Chile during the 1st quarter worth about $55,000. 12.41% of the stock is owned by hedge funds and other institutional investors.

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.