Sociedad Quimica y Minera (SQM) Rating Lowered to Hold at ValuEngine
Sociedad Quimica y Minera (NYSE:SQM) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
A number of other equities analysts have also weighed in on SQM. BMO Capital Markets reiterated a “market perform” rating and issued a $50.00 price target (up previously from $45.00) on shares of Sociedad Quimica y Minera in a report on Friday, October 6th. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Saturday, November 18th. lowered shares of Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a report on Wednesday, October 11th. Bank of America upgraded shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Santander upgraded shares of Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a 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 presently has a consensus rating of “Buy” and an average target price of $50.22.
Shares of Sociedad Quimica y Minera (NYSE SQM) traded up $0.09 on Friday, hitting $54.41. 764,763 shares of the company’s stock were exchanged, compared to its average volume of 1,183,938. The firm has a market cap of $14,296.86, a price-to-earnings ratio of 35.97, a PEG ratio of 1.01 and a beta of 1.02. Sociedad Quimica y Minera has a 52 week low of $26.68 and a 52 week high of $63.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.79.
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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.
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