Deutsche Bank Aktiengesellschaft Trims Sociedad Química y Minera de Chile (NYSE:SQM) Target Price to $42.00

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

A number of other brokerages have also recently issued reports on SQM. BMO Capital Markets lowered their price target on shares of Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an outperform rating for the company in a research report on Friday, March 1st. StockNews.com cut shares of Sociedad Química y Minera de Chile from a hold rating to a sell rating in a research report on Monday, March 4th. Scotiabank lowered their price target 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 research report on Monday, March 4th. Jefferies Financial Group raised shares of Sociedad Química y Minera de Chile from a hold rating to a buy rating and lifted their price target for the company from $52.00 to $62.80 in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an overweight rating for the company in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $65.98.

Sociedad Química y Minera de Chile Stock Down 1.8 %

Shares of NYSE SQM opened at $44.99 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. Sociedad Química y Minera de Chile has a 12 month low of $38.50 and a 12 month high of $81.50. The firm has a market capitalization of $12.85 billion, a PE ratio of 6.38 and a beta of 1.07. The firm has a fifty day simple moving average of $46.96 and a two-hundred day simple moving average of $49.77.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data 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). Sociedad Química y Minera de Chile had a return on equity of 37.86% and a net margin of 26.95%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $4.03 earnings per share. Equities analysts expect that Sociedad Química y Minera de Chile will post 4.18 earnings per share for the current year.

Institutional Trading of Sociedad Química y Minera de Chile

A number of large investors have recently made changes to their positions in the stock. Insight Folios Inc grew its stake in shares of Sociedad Química y Minera de Chile by 5.6% in the first quarter. Insight Folios Inc now owns 68,453 shares of the basic materials company’s stock worth $3,365,000 after acquiring an additional 3,600 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Sociedad Química y Minera de Chile in the first quarter worth approximately $499,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Sociedad Química y Minera de Chile by 16.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,636 shares of the basic materials company’s stock worth $621,000 after acquiring an additional 1,830 shares during the period. BCS Wealth Management bought a new stake in shares of Sociedad Química y Minera de Chile in the first quarter worth approximately $202,000. Finally, Ridgewood Investments LLC grew its stake in shares of Sociedad Química y Minera de Chile by 8.0% in the first quarter. Ridgewood Investments LLC now owns 7,417 shares of the basic materials company’s stock worth $365,000 after acquiring an additional 550 shares during the period. 12.41% of the stock is currently owned by institutional investors.

About Sociedad Química y Minera de Chile

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.