ValuEngine lowered shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) from a hold rating to a sell rating in a report issued on Saturday morning, ValuEngine reports.

Several other research firms also recently issued reports on SQM. Zacks Investment Research downgraded Sociedad Quimica y Minera de Chile from a buy rating to a hold rating in a research note on Wednesday, February 13th. Citigroup cut Sociedad Quimica y Minera de Chile from a buy rating to a neutral rating and decreased their price objective for the company from $53.00 to $41.00 in a report on Tuesday, March 5th. Deutsche Bank cut Sociedad Quimica y Minera de Chile from a buy rating to a hold rating in a report on Monday, February 25th. TheStreet cut Sociedad Quimica y Minera de Chile from a b- rating to a c rating in a report on Tuesday, March 19th. Finally, Vertical Group initiated coverage on Sociedad Quimica y Minera de Chile in a report on Monday, April 22nd. They issued a sell rating and a $23.00 price objective for the company. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $42.63.

SQM opened at $32.70 on Friday. Sociedad Quimica y Minera de Chile has a 1 year low of $32.62 and a 1 year high of $56.49. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings results 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 firm had revenue of $565.20 million during the quarter, compared to analyst estimates of $560.66 million. On average, analysts expect 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 issued a $0.268 dividend. The ex-dividend date was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s payout ratio is 64.07%.

Several hedge funds and other institutional investors have recently made changes to their positions in SQM. FMR LLC grew its holdings in shares of Sociedad Quimica y Minera de Chile by 106.9% in the 4th quarter. FMR LLC now owns 2,126,310 shares of the basic materials company’s stock valued at $81,438,000 after acquiring an additional 1,098,410 shares in the last quarter. Morgan Stanley grew its holdings in Sociedad Quimica y Minera de Chile by 890.5% during the first quarter. Morgan Stanley now owns 637,188 shares of the basic materials company’s stock worth $24,494,000 after purchasing an additional 572,856 shares during the period. BlackRock Inc. grew its holdings in Sociedad Quimica y Minera de Chile by 52.8% during the first quarter. BlackRock Inc. now owns 856,938 shares of the basic materials company’s stock worth $32,940,000 after purchasing an additional 296,018 shares during the period. Bank of New York Mellon Corp grew its holdings in Sociedad Quimica y Minera de Chile by 26.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,094,980 shares of the basic materials company’s stock worth $41,938,000 after purchasing an additional 226,322 shares during the period. Finally, GAM Holding AG bought a new position in Sociedad Quimica y Minera de Chile during the fourth quarter worth about $7,093,000. Institutional investors own 11.08% 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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