Sociedad Quimica y Minera de Chile (NYSE:SQM) has been assigned a $52.00 target price by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Friday. The firm presently has a “buy” rating on the basic materials company’s stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 15.89% from the company’s previous close.

Several other research firms have also issued reports on SQM. Zacks Investment Research raised 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 report on Wednesday, August 1st. TheStreet raised Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a report on Monday, October 1st. Jefferies Financial Group began coverage on Sociedad Quimica y Minera de Chile in a report on Wednesday, October 3rd. They set a “hold” rating and a $51.00 target price on the stock. Deutsche Bank set a $56.00 target price on Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Finally, ValuEngine lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.33.

SQM opened at $44.87 on Friday. Sociedad Quimica y Minera de Chile has a 1-year low of $39.54 and a 1-year high of $64.20. The company has a current ratio of 3.64, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $11.39 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.13. The firm had revenue of $638.70 million for the quarter, compared to analysts’ expectations of $549.92 million. Sociedad Quimica y Minera de Chile had a return on equity of 21.19% and a net margin of 20.56%. As a group, equities analysts expect that Sociedad Quimica y Minera de Chile will post 1.88 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in shares of Sociedad Quimica y Minera de Chile during the 1st quarter worth approximately $2,920,000. Legal & General Group Plc boosted its position in shares of Sociedad Quimica y Minera de Chile by 39.7% during the 1st quarter. Legal & General Group Plc now owns 14,444 shares of the basic materials company’s stock worth $710,000 after purchasing an additional 4,104 shares during the period. Atria Investments LLC boosted its position in shares of Sociedad Quimica y Minera de Chile by 13.6% during the 2nd quarter. Atria Investments LLC now owns 10,085 shares of the basic materials company’s stock worth $485,000 after purchasing an additional 1,207 shares during the period. Eqis Capital Management Inc. boosted its position in shares of Sociedad Quimica y Minera de Chile by 40.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 30,011 shares of the basic materials company’s stock worth $1,442,000 after purchasing an additional 8,594 shares during the period. Finally, Cypress Asset Management Inc. TX boosted its position in shares of Sociedad Quimica y Minera de Chile by 63.6% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 7,438 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 2,891 shares during the period. 9.44% of the stock is currently owned by institutional investors.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica 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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