Sociedad Quimica y Minera de Chile (NYSE:SQM) had its price target upped by research analysts at BMO Capital Markets to $50.00 in a research report issued on Monday, August 27th, The Fly reports. The brokerage currently has an “underperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target indicates a potential upside of 8.93% from the stock’s previous close.
A number of other analysts have also recently issued reports on SQM. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a research report on Wednesday, May 23rd. UBS Group raised Sociedad Quimica y Minera de Chile from an “underperform” rating to a “market perform” rating in a report on Thursday, May 24th. ValuEngine cut Sociedad Quimica y Minera de Chile from a “strong-buy” rating to a “buy” rating in a report on Friday, June 15th. Finally, JPMorgan Chase & Co. dropped their price target on Sociedad Quimica y Minera de Chile from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, August 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Sociedad Quimica y Minera de Chile presently has a consensus rating of “Hold” and a consensus target price of $55.00.
SQM stock traded up $0.39 during mid-day trading on Monday, reaching $45.90. The company had a trading volume of 772,200 shares, compared to its average volume of 1,172,318. Sociedad Quimica y Minera de Chile has a 52 week low of $40.91 and a 52 week high of $64.20. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.18 and a beta of 1.13. The company has a quick ratio of 2.33, a current ratio of 3.64 and a debt-to-equity ratio of 0.57.
Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings data on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.13. Sociedad Quimica y Minera de Chile had a return on equity of 21.19% and a net margin of 20.56%. The company had revenue of $638.70 million during the quarter, compared to analysts’ expectations of $549.92 million. equities research analysts anticipate that Sociedad Quimica y Minera de Chile will post 1.88 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of SQM. Schroder Investment Management Group increased its stake in Sociedad Quimica y Minera de Chile by 1,350.5% during the 1st quarter. Schroder Investment Management Group now owns 574,400 shares of the basic materials company’s stock worth $28,232,000 after acquiring an additional 534,800 shares during the period. BlackRock Inc. increased its stake in Sociedad Quimica y Minera de Chile by 28.9% during the 1st quarter. BlackRock Inc. now owns 1,957,055 shares of the basic materials company’s stock worth $96,189,000 after acquiring an additional 438,904 shares during the period. Millennium Management LLC increased its stake in Sociedad Quimica y Minera de Chile by 593.5% during the 2nd quarter. Millennium Management LLC now owns 411,971 shares of the basic materials company’s stock worth $19,795,000 after acquiring an additional 352,564 shares during the period. Arlington Capital Management Inc. bought a new position in Sociedad Quimica y Minera de Chile during the 1st quarter worth $9,966,000. Finally, Janus Henderson Group PLC increased its stake in Sociedad Quimica y Minera de Chile by 577.5% during the 2nd quarter. Janus Henderson Group PLC now owns 130,111 shares of the basic materials company’s stock worth $6,251,000 after acquiring an additional 110,906 shares during the period. Hedge funds and other institutional investors own 9.52% of the company’s stock.