JPMorgan Chase & Co. Analysts Give Sociedad Quimica y Minera de Chile (SQM) a $52.00 Price Target

JPMorgan Chase & Co. set a $52.00 price objective on Sociedad Quimica y Minera de Chile (NYSE:SQM) in a research note released on Friday. The firm currently has a buy rating on the basic materials company’s stock.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera de Chile from a hold rating to a strong-buy rating and set a $54.00 target price on the stock in a research note on Wednesday, August 1st. TheStreet upgraded shares of Sociedad Quimica y Minera de Chile from a c rating to a b- rating in a research note on Monday, October 1st. Jefferies Financial Group started coverage on shares of Sociedad Quimica y Minera de Chile in a research note on Wednesday, October 3rd. They issued a hold rating and a $51.00 target price on the stock. Deutsche Bank set a $56.00 target price on shares of Sociedad Quimica y Minera de Chile and gave the company a buy rating in a research note on Tuesday, October 2nd. Finally, ValuEngine lowered shares of Sociedad Quimica y Minera de Chile from a buy rating to a hold rating in a research note on Monday, August 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Sociedad Quimica y Minera de Chile currently has a consensus rating of Hold and a consensus price target of $52.33.

Sociedad Quimica y Minera de Chile stock opened at $43.62 on Friday. The firm has a market cap of $11.73 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13. The company has a current ratio of 3.64, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a 1-year low of $39.54 and a 1-year high of $64.20.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. The business had revenue of $638.70 million for the quarter, compared to the consensus estimate of $549.92 million. Sociedad Quimica y Minera de Chile had a net margin of 20.56% and a return on equity of 21.19%. On average, research analysts expect that Sociedad Quimica y Minera de Chile will post 1.88 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Earnest Partners LLC acquired a new position in Sociedad Quimica y Minera de Chile in the 3rd quarter valued at $89,882,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Sociedad Quimica y Minera de Chile by 17,033.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,294,927 shares of the basic materials company’s stock valued at $59,203,000 after buying an additional 1,287,369 shares during the last quarter. Schroder Investment Management Group grew its stake in Sociedad Quimica y Minera de Chile by 166.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,218,808 shares of the basic materials company’s stock valued at $55,724,000 after buying an additional 761,708 shares during the last quarter. Macquarie Group Ltd. grew its stake in Sociedad Quimica y Minera de Chile by 73.7% in the 3rd quarter. Macquarie Group Ltd. now owns 1,171,734 shares of the basic materials company’s stock valued at $53,572,000 after buying an additional 497,339 shares during the last quarter. Finally, FMR LLC grew its stake in Sociedad Quimica y Minera de Chile by 156.1% in the 3rd quarter. FMR LLC now owns 1,027,900 shares of the basic materials company’s stock valued at $46,995,000 after buying an additional 626,500 shares during the last quarter. Institutional investors and hedge funds own 10.07% of the company’s stock.

About Sociedad Quimica 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, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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

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