Sociedad Quimica y Minera de Chile (NYSE:SQM) has been given a consensus rating of “Hold” by the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $38.60.

SQM has been the topic of several recent research reports. Zacks Investment Research downgraded Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Citigroup downgraded Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $53.00 to $41.00 in a research report on Tuesday, March 5th. Deutsche Bank downgraded Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. TheStreet downgraded Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research report on Tuesday, March 19th. Finally, Vertical Group initiated coverage on Sociedad Quimica y Minera de Chile in a research report on Monday, April 22nd. They issued a “sell” rating and a $23.00 price objective on the stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SQM. Daiwa Securities Group Inc. purchased a new position in Sociedad Quimica y Minera de Chile during the fourth quarter worth about $38,000. Osborn Williams & Donohoe LLC purchased a new position in Sociedad Quimica y Minera de Chile during the first quarter worth about $45,000. Virtus ETF Advisers LLC lifted its position in Sociedad Quimica y Minera de Chile by 145.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 1,736 shares of the basic materials company’s stock worth $66,000 after buying an additional 1,028 shares during the period. Lavaca Capital LLC purchased a new position in Sociedad Quimica y Minera de Chile during the fourth quarter worth about $76,000. Finally, Capital Investment Advisory Services LLC lifted its position in Sociedad Quimica y Minera de Chile by 413.8% during the first quarter. Capital Investment Advisory Services LLC now owns 2,055 shares of the basic materials company’s stock worth $79,000 after buying an additional 1,655 shares during the period. Hedge funds and other institutional investors own 11.08% of the company’s stock.

SQM traded up $0.50 during trading on Thursday, reaching $33.20. 10,742 shares of the stock were exchanged, compared to its average volume of 774,047. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.36 and a beta of 1.02. Sociedad Quimica y Minera de Chile has a 1 year low of $32.62 and a 1 year high of $56.49.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Thursday, February 28th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). Sociedad Quimica y Minera de Chile had a net margin of 19.41% and a return on equity of 20.29%. The company had revenue of $565.20 million during the quarter, compared to analysts’ expectations of $560.66 million. On average, analysts predict that Sociedad Quimica y Minera de Chile will post 1.59 EPS for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, May 3rd were given a $0.268 dividend. The ex-dividend date was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s dividend payout ratio is currently 64.07%.

About Sociedad Quimica y Minera de Chile

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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