Sociedad Quimica y Minera de Chile Given Average Rating of “Hold” by Brokerages (NYSE:SQM)
Sociedad Quimica y Minera de Chile (NYSE:SQM) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, StockRatingsNetwork reports. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $30.17.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Sociedad Quimica y Minera de Chile from an “underperform” rating to a “neutral” rating in a research note on Friday, July 11th. They now have a $29.00 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 14th. They now have a $27.00 price target on the stock, down previously from $34.00.
Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) traded up 0.37% during mid-day trading on Wednesday, hitting $29.60. The stock had a trading volume of 36,186 shares. Sociedad Quimica y Minera de Chile has a 52 week low of $22.50 and a 52 week high of $38.93. The stock’s 50-day moving average is $30.10 and its 200-day moving average is $29.30. The company has a market cap of $7.791 billion and a price-to-earnings ratio of 19.58.
Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its earnings data on Thursday, May 22nd. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.04. The company had revenue of $534.10 million for the quarter, compared to the consensus estimate of $502.19 million. Analysts expect that Sociedad Quimica y Minera de Chile will post $1.34 EPS for the current fiscal year.
Sociedad Quimica y Minera de Chile SA (NYSE:SQM) is a Chile-based company engaged in the production of specialty plant nutrients and chemicals commodities.
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