Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $95.60.

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their target price on Sociedad Química y Minera de Chile from $125.00 to $95.00 in a research note on Tuesday, January 10th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a report on Saturday, November 19th. Citigroup downgraded Sociedad Química y Minera de Chile from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $92.00 in a research note on Thursday, December 15th. Finally, Scotiabank raised Sociedad Química y Minera de Chile from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, March 2nd.

Sociedad Química y Minera de Chile Price Performance

Shares of SQM opened at $72.62 on Thursday. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 0.39 and a beta of 0.97. The stock has a 50 day moving average of $87.96 and a 200-day moving average of $92.36. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.49. Sociedad Química y Minera de Chile has a 52 week low of $70.91 and a 52 week high of $115.76.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Concord Wealth Partners acquired a new position in Sociedad Química y Minera de Chile in the 4th quarter valued at approximately $25,000. Fortis Capital Advisors LLC purchased a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth about $26,000. Huntington National Bank purchased a new stake in Sociedad Química y Minera de Chile during the third quarter worth about $27,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Sociedad Química y Minera de Chile during the third quarter worth about $29,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Sociedad Química y Minera de Chile during the fourth quarter worth about $32,000. 18.42% of the stock is currently owned by institutional investors and hedge funds.

About Sociedad Química y Minera de Chile

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Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium, and Other Products and Services.

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Analyst Recommendations for Sociedad Química y Minera de Chile (NYSE:SQM)

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