Sociedad Quimica y Minera (NYSE:SQM) Stock Rating Upgraded by Rothschild Redb

Sociedad Quimica y Minera (NYSE:SQM) was upgraded by research analysts at Rothschild Redb to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

SQM has been the topic of a number of other research reports. BMO Capital Markets lifted their price objective on Sociedad Quimica y Minera from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. raised their target price on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Itau BBA Securities started coverage on Sociedad Quimica y Minera in a research note on Thursday, September 4th. They set an “outperform” rating and a $55.00 target price for the company. Bank of America raised their target price on Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an “underperform” rating in a research note on Tuesday, August 26th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $50.00 target price (down previously from $53.00) on shares of Sociedad Quimica y Minera in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.81.

Sociedad Quimica y Minera Stock Performance

Shares of Sociedad Quimica y Minera stock opened at $45.53 on Friday. Sociedad Quimica y Minera has a one year low of $29.36 and a one year high of $47.51. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 27.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.93 and a current ratio of 2.92. The business’s 50 day moving average price is $44.09 and its 200 day moving average price is $38.64.

Sociedad Quimica y Minera (NYSE:SQM) last announced its quarterly earnings data on Wednesday, August 20th. The basic materials company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.21). Sociedad Quimica y Minera had a return on equity of 9.09% and a net margin of 11.29%.The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was down 19.4% compared to the same quarter last year. On average, research analysts predict that Sociedad Quimica y Minera will post -1.31 EPS for the current year.

Institutional Investors Weigh In On Sociedad Quimica y Minera

A number of institutional investors have recently modified their holdings of SQM. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Sociedad Quimica y Minera in the second quarter valued at $67,759,000. Nuveen LLC acquired a new stake in shares of Sociedad Quimica y Minera in the first quarter valued at $39,154,000. RWC Asset Advisors US LLC acquired a new stake in shares of Sociedad Quimica y Minera in the first quarter valued at $37,170,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Sociedad Quimica y Minera in the second quarter valued at $32,432,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Sociedad Quimica y Minera in the first quarter valued at $19,666,000. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Quimica y Minera Company Profile

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.