BMO Capital Markets set a $24.00 price target on Sociedad Quimica y Minera de Chile (NYSE:SQM) in a research note released on Friday, August 23rd, The Fly reports. The firm currently has a hold rating on the basic materials company’s stock.
A number of other research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Sociedad Quimica y Minera de Chile from a hold rating to a sell rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. lowered Sociedad Quimica y Minera de Chile from a neutral rating to an underweight rating and dropped their target price for the company from $29.00 to $23.00 in a report on Thursday, August 22nd. Deutsche Bank set a $32.00 price target on Sociedad Quimica y Minera de Chile and gave the stock a hold rating in a report on Tuesday, May 28th. Finally, Morgan Stanley upgraded Sociedad Quimica y Minera de Chile from an underweight rating to an equal weight rating in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Sociedad Quimica y Minera de Chile presently has an average rating of Hold and an average target price of $29.50.
Shares of SQM stock opened at $26.26 on Friday. The company has a 50 day moving average price of $26.49 and a 200 day moving average price of $32.82. The stock has a market capitalization of $6.54 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.83 and a current ratio of 2.80. Sociedad Quimica y Minera de Chile has a fifty-two week low of $22.71 and a fifty-two week high of $48.80.
Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, August 21st. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). The company had revenue of $494.10 million during the quarter, compared to analyst estimates of $525.73 million. Sociedad Quimica y Minera de Chile had a net margin of 16.27% and a return on equity of 16.04%. The firm’s revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.15 EPS for the current fiscal year.
The firm also recently disclosed a — dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, September 6th will be paid a $0.2667 dividend. The ex-dividend date is Thursday, September 5th. This represents a yield of 4.3%. Sociedad Quimica y Minera de Chile’s dividend payout ratio is presently 55.69%.
Large investors have recently made changes to their positions in the company. Stonebridge Capital Advisors LLC acquired a new position in Sociedad Quimica y Minera de Chile in the 2nd quarter valued at about $37,000. Cornerstone Advisors Inc. lifted its position in shares of Sociedad Quimica y Minera de Chile by 156.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,285 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 784 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Sociedad Quimica y Minera de Chile by 453.9% during the second quarter. Parallel Advisors LLC now owns 1,346 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,103 shares during the last quarter. Osborn Williams & Donohoe LLC acquired a new stake in shares of Sociedad Quimica y Minera de Chile during the first quarter valued at $45,000. Finally, Capital Investment Advisory Services LLC increased its position in Sociedad Quimica y Minera de Chile by 413.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 2,055 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 1,655 shares in the last quarter. 10.04% of the stock is owned by institutional investors and hedge funds.
About Sociedad Quimica y Minera de Chile
Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.
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