Sociedad Quimica y Minera S.A. (NYSE:SQM) was upgraded by analysts at Santander from an “underperform” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.

Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, August 23rd. BidaskClub upgraded shares of Sociedad Quimica y Minera from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Deutsche Bank AG boosted their price objective on shares of Sociedad Quimica y Minera from $36.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, May 22nd. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price objective on shares of Sociedad Quimica y Minera in a research note on Thursday, May 18th. Finally, Bank of America Corporation upgraded shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $41.18.

Shares of Sociedad Quimica y Minera (NYSE SQM) traded up 4.0080% during midday trading on Wednesday, hitting $54.2922. 882,033 shares of the company traded hands. Sociedad Quimica y Minera has a 52 week low of $24.75 and a 52 week high of $54.44. The company has a 50-day moving average price of $43.91 and a 200-day moving average price of $37.09. The stock has a market capitalization of $14.46 billion, a P/E ratio of 41.8921 and a beta of 1.03.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Wednesday, August 23rd. The basic materials company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $505.70 million for the quarter, compared to the consensus estimate of $500.49 million. Sociedad Quimica y Minera had a return on equity of 14.81% and a net margin of 16.28%. Analysts anticipate that Sociedad Quimica y Minera will post $1.58 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the business. Invictus RG increased its stake in Sociedad Quimica y Minera by 164.1% during the 1st quarter. Invictus RG now owns 3,072 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 1,909 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Sociedad Quimica y Minera during the 2nd quarter valued at approximately $116,000. Quantbot Technologies LP acquired a new position in Sociedad Quimica y Minera during the 1st quarter valued at approximately $136,000. Nomura Asset Management Co. Ltd. increased its stake in Sociedad Quimica y Minera by 20.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,200 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 700 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Sociedad Quimica y Minera by 2,557.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,385 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 4,220 shares in the last quarter. Institutional investors and hedge funds own 13.65% of the company’s stock.

About Sociedad Quimica y Minera

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.

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

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