Sociedad Química y Minera de Chile (NYSE:SQM) Price Target Cut to $105.00

Sociedad Química y Minera de Chile (NYSE:SQMGet Rating) had its target price lowered by research analysts at Deutsche Bank Aktiengesellschaft from $122.00 to $105.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 24.01% from the stock’s current price.

SQM has been the subject of a number of other research reports. Citigroup increased their price objective on Sociedad Química y Minera de Chile from $103.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, May 20th. BMO Capital Markets increased their price objective on Sociedad Química y Minera de Chile from $100.00 to $125.00 in a research report on Monday, May 30th. Jefferies Financial Group increased their price objective on Sociedad Química y Minera de Chile from $78.00 to $91.00 in a research report on Thursday, June 16th. Scotiabank raised shares of Sociedad Química y Minera de Chile from an “underperform” rating to a “sector perform” rating in a research note on Monday, March 14th. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and an average target price of $88.75.

Shares of NYSE:SQM opened at $84.67 on Wednesday. Sociedad Química y Minera de Chile has a one year low of $43.65 and a one year high of $115.76. The stock has a fifty day moving average of $90.07 and a 200-day moving average of $74.56. The company has a market capitalization of $22.29 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.86 and a current ratio of 2.37.

A number of large investors have recently modified their holdings of SQM. Blue Bell Private Wealth Management LLC bought a new stake in Sociedad Química y Minera de Chile during the fourth quarter valued at about $26,000. Financial Management Professionals Inc. bought a new stake in Sociedad Química y Minera de Chile during the first quarter valued at about $26,000. Penserra Capital Management LLC bought a new stake in Sociedad Química y Minera de Chile during the first quarter valued at about $47,000. New York State Common Retirement Fund bought a new stake in Sociedad Química y Minera de Chile during the first quarter valued at about $81,000. Finally, Baldwin Brothers LLC MA bought a new stake in Sociedad Química y Minera de Chile during the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 19.99% of the company’s stock.

Sociedad Química y Minera de Chile Company Profile (Get Rating)

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.

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