Sociedad Quimica y Minera (SQM) Downgraded by ValuEngine to Hold

ValuEngine cut shares of Sociedad Quimica y Minera (NYSE:SQM) from a buy rating to a hold rating in a research note released on Friday morning.

Several other research firms have also commented on SQM. Bank of America upgraded shares of Sociedad Quimica y Minera from a neutral rating to a buy rating in a research report on Wednesday, September 13th. BMO Capital Markets reiterated a market perform rating and issued a $45.00 price target (up from $35.00) on shares of Sociedad Quimica y Minera in a research report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a hold rating to a buy rating and set a $64.00 target price on the stock in a research report on Saturday, November 18th. lowered shares of Sociedad Quimica y Minera from a buy rating to a reduce rating in a research report on Wednesday, October 11th. Finally, Santander upgraded shares of Sociedad Quimica y Minera from an underperform rating to a hold rating in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $50.22.

Sociedad Quimica y Minera (NYSE SQM) traded up $0.13 during mid-day trading on Friday, hitting $52.70. 242,731 shares of the stock traded hands, compared to its average volume of 1,300,000. The firm has a market capitalization of $14,120.00, a price-to-earnings ratio of 36.03, a PEG ratio of 1.01 and a beta of 1.01. Sociedad Quimica y Minera has a twelve month low of $26.68 and a twelve month high of $63.80. The company has a quick ratio of 2.31, a current ratio of 3.79 and a debt-to-equity ratio of 0.45.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC boosted its position in Sociedad Quimica y Minera by 0.8% during the second quarter. Jennison Associates LLC now owns 37,080 shares of the basic materials company’s stock worth $1,224,000 after acquiring an additional 278 shares during the last quarter. Van ECK Associates Corp boosted its position in Sociedad Quimica y Minera by 0.3% during the second quarter. Van ECK Associates Corp now owns 138,379 shares of the basic materials company’s stock worth $4,569,000 after acquiring an additional 386 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its position in Sociedad Quimica y Minera by 6.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 6,824 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 423 shares during the last quarter. CIBC World Markets Inc. boosted its position in Sociedad Quimica y Minera by 6.0% during the second quarter. CIBC World Markets Inc. now owns 15,582 shares of the basic materials company’s stock worth $515,000 after acquiring an additional 878 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Sociedad Quimica y Minera by 10.4% during the second quarter. PNC Financial Services Group Inc. now owns 11,311 shares of the basic materials company’s stock worth $374,000 after acquiring an additional 1,063 shares during the last quarter. Hedge funds and other institutional investors own 12.74% of the company’s stock.

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Sociedad Quimica y Minera Company Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sociedad Quimica y Minera (NYSE:SQM)

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