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

Sociedad Química y Minera de Chile (NYSE:SQM) had its price target reduced by research analysts at Deutsche Bank Aktiengesellschaft from $48.00 to $42.00 in a report released on Friday, Benzinga reports. The firm currently has a “hold” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential downside of 7.14% from the company’s current price.

Several other analysts have also issued reports on SQM. TheStreet lowered Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. dropped their price objective on Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Scotiabank decreased their target price on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. StockNews.com downgraded Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Finally, Jefferies Financial Group raised Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and upped their target price for the company from $52.00 to $62.80 in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.98.

Sociedad Química y Minera de Chile Trading Down 1.3 %

NYSE:SQM traded down $0.58 on Friday, reaching $45.23. The company’s stock had a trading volume of 731,429 shares, compared to its average volume of 1,425,723. Sociedad Química y Minera de Chile has a 1-year low of $38.50 and a 1-year high of $81.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 2.49. The firm has a market cap of $12.92 billion, a PE ratio of 6.42 and a beta of 1.07. The business’s 50-day moving average price is $46.87 and its two-hundred day moving average price is $49.92.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.51). The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.36 billion. Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 37.86%. During the same quarter last year, the firm earned $4.03 earnings per share. Equities research analysts anticipate that Sociedad Química y Minera de Chile will post 4.18 earnings per share for the current fiscal year.

Institutional Trading of Sociedad Química y Minera de Chile

Large investors have recently made changes to their positions in the company. Fortis Capital Advisors LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the 4th quarter worth approximately $26,000. First Capital Advisors Group LLC. acquired a new stake in Sociedad Química y Minera de Chile in the second quarter valued at approximately $26,000. CWM LLC boosted its position in Sociedad Química y Minera de Chile by 40.1% in the first quarter. CWM LLC now owns 790 shares of the basic materials company’s stock valued at $39,000 after buying an additional 226 shares in the last quarter. National Bank of Canada FI boosted its position in Sociedad Química y Minera de Chile by 153.8% in the third quarter. National Bank of Canada FI now owns 825 shares of the basic materials company’s stock valued at $46,000 after buying an additional 500 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Sociedad Química y Minera de Chile in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 12.41% of the company’s stock.

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.