Sociedad Quimica y Minera S.A. (NYSE:SQM) Given Consensus Rating of "Hold" by Brokerages

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

A number of research analysts have recently issued reports on SQM shares. JPMorgan Chase & Co. cut their price target on Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, June 12th. Scotiabank cut their price target on Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating on the stock in a report on Friday, May 30th. Finally, BMO Capital Markets cut their price target on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating on the stock in a report on Thursday, May 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its stake in Sociedad Quimica y Minera by 61,700.0% during the 1st quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company's stock worth $25,000 after buying an additional 617 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in Sociedad Quimica y Minera during the 1st quarter worth $34,000. Kestra Investment Management LLC purchased a new position in Sociedad Quimica y Minera during the 4th quarter worth $39,000. Jones Financial Companies Lllp grew its stake in Sociedad Quimica y Minera by 803.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock worth $39,000 after buying an additional 956 shares during the last quarter. Finally, Grove Bank & Trust purchased a new position in Sociedad Quimica y Minera during the 1st quarter worth $46,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera Trading Down 3.0%

SQM opened at $32.13 on Monday. The stock's fifty day moving average is $33.76 and its two-hundred day moving average is $37.25. The company has a market capitalization of $9.18 billion, a P/E ratio of 15.23 and a beta of 1.04. Sociedad Quimica y Minera has a 52 week low of $29.36 and a 52 week high of $45.89. The company has a quick ratio of 1.96, a current ratio of 2.88 and a debt-to-equity ratio of 0.71.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.15). The firm 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%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.04) earnings per share. Analysts forecast that Sociedad Quimica y Minera will post -1.31 earnings per share for the current year.

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.

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 contact@marketbeat.com.