Sociedad Química y Minera de Chile (NYSE:SQM) Given New $42.00 Price Target at Deutsche Bank Aktiengesellschaft

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

Several other research firms have also recently issued reports on SQM. BMO Capital Markets reduced their target price on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an outperform rating on the stock in a research note on Friday, March 1st. TheStreet cut shares of Sociedad Química y Minera de Chile from a b- rating to a c rating in a research report on Friday, February 2nd. Scotiabank lowered their price objective on shares of Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a sector outperform rating for the company in a report on Monday, March 4th. JPMorgan Chase & Co. cut their price objective on Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an overweight rating on the stock in a research report on Tuesday, February 6th. Finally, StockNews.com cut Sociedad Química y Minera de Chile from a hold rating to a sell rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Sociedad Química y Minera de Chile currently has a consensus rating of Hold and an average target price of $65.98.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM stock opened at $44.99 on Friday. The company has a market capitalization of $12.85 billion, a P/E ratio of 6.38 and a beta of 1.07. Sociedad Química y Minera de Chile has a fifty-two week low of $38.50 and a fifty-two week high of $81.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 2.49. The stock has a 50 day moving average price of $46.96 and a two-hundred day moving average price of $49.84.

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

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wetherby Asset Management Inc. lifted its position in Sociedad Química y Minera de Chile by 1.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 7,123 shares of the basic materials company’s stock valued at $610,000 after acquiring an additional 124 shares in the last quarter. Redwood Wealth Management Group LLC increased its stake in shares of Sociedad Química y Minera de Chile by 3.2% in the 3rd quarter. Redwood Wealth Management Group LLC now owns 5,903 shares of the basic materials company’s stock worth $352,000 after purchasing an additional 185 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Sociedad Química y Minera de Chile by 7.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 2,668 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 188 shares in the last quarter. CWM LLC increased its stake in shares of Sociedad Química y Minera de Chile by 40.1% in the 1st quarter. CWM LLC now owns 790 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 226 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Sociedad Química y Minera de Chile by 14.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,930 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 238 shares in the last quarter. 12.41% of the stock is owned by institutional investors.

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.