Sociedad Química y Minera de Chile (NYSE:SQM) Given New $30.00 Price Target at Deutsche Bank Aktiengesellschaft

Sociedad Química y Minera de Chile (NYSE:SQM) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $28.00 to $30.00 in a research report sent to investors on Thursday morning, The Fly reports. The firm currently has a hold rating on the basic materials company’s stock.

Several other analysts also recently weighed in on the company. Scotiabank upped their price target on Sociedad Química y Minera de Chile from $20.00 to $25.00 and gave the stock a sector underperform rating in a research note on Friday, August 21st. Zacks Investment Research downgraded Sociedad Química y Minera de Chile from a hold rating to a sell rating in a research note on Wednesday, August 26th. Finally, Citigroup upped their price target on Sociedad Química y Minera de Chile from $29.00 to $35.00 and gave the stock a neutral rating in a research note on Friday, August 21st. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of Hold and a consensus target price of $29.42.

SQM stock opened at $34.60 on Thursday. Sociedad Química y Minera de Chile has a fifty-two week low of $15.20 and a fifty-two week high of $36.41. The business’s 50 day moving average price is $32.90 and its two-hundred day moving average price is $27.97. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.59 and a current ratio of 4.28. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 41.19, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its earnings results on Wednesday, August 19th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Sociedad Química y Minera de Chile had a return on equity of 10.50% and a net margin of 12.43%. The firm had revenue of $392.00 million for the quarter, compared to analysts’ expectations of $446.67 million. During the same quarter last year, the company posted $0.27 EPS. The firm’s revenue was down 20.6% on a year-over-year basis. Sell-side analysts forecast that Sociedad Química y Minera de Chile will post 0.92 earnings per share for the current year.

The firm also recently announced a — dividend, which was paid on Thursday, October 8th. Shareholders of record on Friday, January 1st were paid a dividend of $0.247 per share. The ex-dividend date was Thursday, October 8th. This represents a yield of 1.3%. Sociedad Química y Minera de Chile’s dividend payout ratio is 93.40%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Clearbridge Investments LLC boosted its stake in Sociedad Química y Minera de Chile by 15.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,885,720 shares of the basic materials company’s stock valued at $42,523,000 after purchasing an additional 253,293 shares during the last quarter. FMR LLC boosted its stake in Sociedad Química y Minera de Chile by 5.4% during the 2nd quarter. FMR LLC now owns 1,319,208 shares of the basic materials company’s stock valued at $34,392,000 after purchasing an additional 67,252 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sociedad Química y Minera de Chile by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,285,078 shares of the basic materials company’s stock valued at $33,502,000 after purchasing an additional 3,801 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Sociedad Química y Minera de Chile by 28.2% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,247,705 shares of the basic materials company’s stock valued at $32,528,000 after purchasing an additional 274,293 shares during the last quarter. Finally, State Street Corp boosted its stake in Sociedad Química y Minera de Chile by 10.9% during the 1st quarter. State Street Corp now owns 1,004,557 shares of the basic materials company’s stock valued at $22,653,000 after purchasing an additional 98,384 shares during the last quarter. Institutional investors and hedge funds own 11.61% of the company’s stock.

About Sociedad Química 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, 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 for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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