Brokerages Set Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Price Target at $45.56

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has received an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $45.56.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Scotiabank decreased their price target on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new stake in Sociedad Química y Minera de Chile in the fourth quarter valued at approximately $120,395,000. R Squared Ltd bought a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth $58,000. KBC Group NV grew its position in Sociedad Química y Minera de Chile by 76.9% in the 4th quarter. KBC Group NV now owns 114,992 shares of the basic materials company’s stock valued at $4,181,000 after purchasing an additional 50,000 shares during the period. Blue Trust Inc. increased its stake in Sociedad Química y Minera de Chile by 23.3% during the 4th quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 675 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Sociedad Química y Minera de Chile by 104.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock worth $77,000 after buying an additional 1,085 shares during the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

Sociedad Química y Minera de Chile stock opened at $39.19 on Friday. The firm has a market cap of $11.19 billion, a P/E ratio of -35.31, a P/E/G ratio of 5.20 and a beta of 1.03. The stock’s 50 day moving average is $38.50 and its 200 day moving average is $38.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. Sociedad Química y Minera de Chile has a one year low of $32.24 and a one year high of $51.90.

About Sociedad Química y Minera de Chile

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.