Morgan Stanley upgraded shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) from an underweight rating to an equal weight rating in a report released on Friday morning, Briefing.com Automated Import reports.

Other analysts have also recently issued research reports about the company. BMO Capital Markets reiterated a hold rating on shares of Royal Bank of Canada in a research report on Thursday, May 23rd. Santander cut Coca-Cola FEMSA from a buy rating to a hold rating in a research report on Wednesday, April 3rd. Vertical Group started coverage on Sociedad Quimica y Minera de Chile in a research report on Monday, April 22nd. They set a sell rating and a $23.00 target price for the company. Deutsche Bank started coverage on So-Young International in a research report on Tuesday, May 28th. They set a buy rating for the company. Finally, TheStreet upgraded TerraForm Power from a c rating to a b- rating in a research report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Sociedad Quimica y Minera de Chile has an average rating of Hold and an average price target of $38.00.

NYSE SQM opened at $30.55 on Friday. The stock has a 50-day moving average of $30.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.92 and a quick ratio of 2.42. Sociedad Quimica y Minera de Chile has a 52 week low of $28.30 and a 52 week high of $49.21. The company has a market capitalization of $7.93 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.33 and a beta of 1.09.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Wednesday, May 22nd. The basic materials company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 18.06%. The company had revenue of $504.20 million during the quarter, compared to the consensus estimate of $487.04 million. On average, analysts forecast that Sociedad Quimica y Minera de Chile will post 1.4 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a dividend of $0.1989 per share. This represents a dividend yield of 3.3%. The ex-dividend date was Thursday, June 6th. Sociedad Quimica y Minera de Chile’s dividend payout ratio is currently 59.28%.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Sociedad Quimica y Minera de Chile by 106.9% during the 4th quarter. FMR LLC now owns 2,126,310 shares of the basic materials company’s stock valued at $81,438,000 after purchasing an additional 1,098,410 shares during the last quarter. Macquarie Group Ltd. grew its stake in Sociedad Quimica y Minera de Chile by 1.7% during the 4th quarter. Macquarie Group Ltd. now owns 1,191,880 shares of the basic materials company’s stock valued at $45,649,000 after purchasing an additional 20,146 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Sociedad Quimica y Minera de Chile by 26.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,094,980 shares of the basic materials company’s stock valued at $41,938,000 after purchasing an additional 226,322 shares during the last quarter. Clearbridge Investments LLC grew its stake in Sociedad Quimica y Minera de Chile by 33.4% during the 1st quarter. Clearbridge Investments LLC now owns 994,919 shares of the basic materials company’s stock valued at $38,245,000 after purchasing an additional 249,333 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Sociedad Quimica y Minera de Chile by 15.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 713,491 shares of the basic materials company’s stock valued at $27,327,000 after purchasing an additional 96,631 shares during the last quarter. Hedge funds and other institutional investors own 10.52% of the company’s stock.

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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