S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Receives Consensus Recommendation of "Hold" from Brokerages

Saturday, January 15, 2022 | MarketBeat

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has received an average rating of "Hold" from the nine research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $66.83.

Several equities analysts have weighed in on SQM shares. Scotiabank downgraded shares of Sociedad Química y Minera de Chile from a "sector perform" rating to a "sector underperform" rating in a report on Tuesday, December 21st. Morgan Stanley upgraded shares of Sociedad Química y Minera de Chile from an "underweight" rating to an "equal weight" rating and set a $58.00 target price for the company in a report on Thursday. JPMorgan Chase & Co. started coverage on shares of Sociedad Química y Minera de Chile in a report on Tuesday, October 26th. They set an "overweight" rating for the company. BMO Capital Markets raised their target price on shares of Sociedad Química y Minera de Chile from $65.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, November 19th. Finally, Zacks Investment Research upgraded shares of Sociedad Química y Minera de Chile from a "hold" rating to a "buy" rating and set a $57.00 target price for the company in a report on Thursday, January 6th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vivid Financial Management Inc. boosted its position in shares of Sociedad Química y Minera de Chile by 3.8% in the third quarter. Vivid Financial Management Inc. now owns 6,648 shares of the basic materials company's stock worth $357,000 after acquiring an additional 244 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Sociedad Química y Minera de Chile by 4.5% in the third quarter. American Century Companies Inc. now owns 6,880 shares of the basic materials company's stock worth $370,000 after acquiring an additional 294 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Sociedad Química y Minera de Chile by 5.5% in the third quarter. Profund Advisors LLC now owns 8,748 shares of the basic materials company's stock worth $470,000 after acquiring an additional 457 shares during the last quarter. Vident Investment Advisory LLC boosted its position in shares of Sociedad Química y Minera de Chile by 8.6% in the second quarter. Vident Investment Advisory LLC now owns 6,503 shares of the basic materials company's stock worth $308,000 after acquiring an additional 515 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Sociedad Química y Minera de Chile in the second quarter worth approximately $27,000. Institutional investors and hedge funds own 19.02% of the company's stock.

Shares of NYSE:SQM traded up $1.00 on Friday, hitting $56.55. 1,070,302 shares of the company were exchanged, compared to its average volume of 1,716,730. The company has a current ratio of 7.19, a quick ratio of 5.40 and a debt-to-equity ratio of 0.78. Sociedad Química y Minera de Chile has a 1-year low of $40.53 and a 1-year high of $71.50. The stock's 50 day moving average price is $57.29 and its 200 day moving average price is $53.90. The firm has a market capitalization of $14.88 billion, a P/E ratio of 47.52, a price-to-earnings-growth ratio of 0.39 and a beta of 0.78.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, November 17th. The basic materials company reported $0.37 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by ($0.13). Sociedad Química y Minera de Chile had a net margin of 14.44% and a return on equity of 12.13%. The company had revenue of $661.60 million during the quarter, compared to analyst estimates of $672.17 million. During the same quarter last year, the business earned $0.28 EPS. On average, equities analysts predict that Sociedad Química y Minera de Chile will post 1.78 EPS for the current fiscal year.

The company also recently declared a dividend, which was paid on Monday, January 3rd. Stockholders of record on Monday, January 3rd were issued a dividend of $0.91 per share. The ex-dividend date was Friday, December 31st. This is an increase from Sociedad Química y Minera de Chile's previous dividend of $0.20. Sociedad Química y Minera de Chile's payout ratio is 307.56%.

About Sociedad Química y Minera de Chile

Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium, and Other Products and Services.

Further Reading: Cost of Debt

Analyst Recommendations for Sociedad Química y Minera de Chile (NYSE:SQM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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