Brokerages Set Sociedad Quimica y Minera S.A. (NYSE:SQM) PT at $41.14

Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Get Free Report) have been given an average rating of "Hold" by the eight ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $41.14.

Several research analysts have recently commented on the company. BMO Capital Markets decreased their target price on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Scotiabank decreased their target price on Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating for the company in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. decreased their target price on Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th.

Sociedad Quimica y Minera Stock Up 3.0%

SQM stock traded up $1.04 during midday trading on Monday, hitting $35.31. 2,060,161 shares of the company's stock were exchanged, compared to its average volume of 1,080,420. The company has a current ratio of 2.88, a quick ratio of 1.96 and a debt-to-equity ratio of 0.71. Sociedad Quimica y Minera has a 12-month low of $29.36 and a 12-month high of $45.89. The firm has a 50 day moving average price of $33.69 and a 200-day moving average price of $37.13. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 16.74 and a beta of 1.04.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.15). The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.05 billion. Sociedad Quimica y Minera had a return on equity of 11.71% and a net margin of 13.45%. Sociedad Quimica y Minera's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($3.04) earnings per share. On average, analysts anticipate that Sociedad Quimica y Minera will post -1.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP grew its stake in Sociedad Quimica y Minera by 4.6% during the 1st quarter. Quantbot Technologies LP now owns 8,339 shares of the basic materials company's stock worth $331,000 after buying an additional 364 shares during the last quarter. Rakuten Securities Inc. grew its stake in Sociedad Quimica y Minera by 11.2% during the 4th quarter. Rakuten Securities Inc. now owns 4,119 shares of the basic materials company's stock worth $150,000 after buying an additional 415 shares during the last quarter. Signaturefd LLC grew its stake in Sociedad Quimica y Minera by 18.1% during the 4th quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company's stock worth $107,000 after buying an additional 453 shares during the last quarter. US Bancorp DE grew its stake in Sociedad Quimica y Minera by 6.0% during the 1st quarter. US Bancorp DE now owns 9,315 shares of the basic materials company's stock worth $370,000 after buying an additional 526 shares during the last quarter. Finally, Sprott Inc. grew its stake in Sociedad Quimica y Minera by 3.8% during the 1st quarter. Sprott Inc. now owns 14,860 shares of the basic materials company's stock worth $590,000 after buying an additional 548 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors.

About Sociedad Quimica y Minera

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.