Deutsche Bank Aktiengesellschaft Lowers Sociedad Química y Minera de Chile (NYSE:SQM) Price Target to $42.00

Sociedad Química y Minera de Chile (NYSE:SQM) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $48.00 to $42.00 in a research report report published on Friday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the basic materials company’s stock.

Other analysts have also recently issued research reports about the company. Scotiabank lowered their price objective on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a sector outperform rating for the company in a research report on Monday, March 4th. TheStreet cut Sociedad Química y Minera de Chile from a b- rating to a c rating in a research report on Friday, February 2nd. BMO Capital Markets lowered their price objective on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an outperform rating for the company in a research report on Friday, March 1st. Jefferies Financial Group raised Sociedad Química y Minera de Chile from a hold rating to a buy rating and raised their price objective for the stock from $52.00 to $62.80 in a research report on Monday, April 8th. Finally, StockNews.com lowered Sociedad Química y Minera de Chile from a hold rating to a sell rating in a research note on Monday, March 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $65.98.

Sociedad Química y Minera de Chile Stock Down 2.1 %

Shares of NYSE SQM opened at $44.03 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $12.58 billion, a PE ratio of 6.25 and a beta of 1.07. The stock’s fifty day simple moving average is $47.01 and its two-hundred day simple moving average is $49.71. Sociedad Química y Minera de Chile has a 12-month low of $38.50 and a 12-month high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its earnings results on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.51). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.36 billion. Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 37.86%. During the same period last year, the business posted $4.03 EPS. As a group, analysts expect that Sociedad Química y Minera de Chile will post 4.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

A number of institutional investors have recently modified their holdings of SQM. Allspring Global Investments Holdings LLC raised its stake in shares of Sociedad Química y Minera de Chile by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,006,607 shares of the basic materials company’s stock valued at $60,618,000 after buying an additional 878,933 shares during the last quarter. Electron Capital Partners LLC raised its stake in shares of Sociedad Química y Minera de Chile by 354.2% during the 3rd quarter. Electron Capital Partners LLC now owns 824,715 shares of the basic materials company’s stock valued at $49,211,000 after buying an additional 643,142 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Sociedad Química y Minera de Chile by 127.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,070,851 shares of the basic materials company’s stock valued at $63,898,000 after buying an additional 599,728 shares during the last quarter. Prudential PLC purchased a new position in shares of Sociedad Química y Minera de Chile during the 4th quarter valued at about $30,572,000. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Sociedad Química y Minera de Chile by 37.2% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,747,264 shares of the basic materials company’s stock valued at $104,259,000 after buying an additional 474,000 shares during the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.