Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $50.22.

Several analysts have commented on the stock. Santander upgraded shares of Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research note on Wednesday, September 13th. BMO Capital Markets restated a “market perform” rating and set a $45.00 target price (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 $49.00 target price on the stock in a research report on Wednesday, August 23rd. ValuEngine cut shares of Sociedad Quimica y Minera from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, 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.

Several hedge funds and other institutional investors have recently made changes to their positions in SQM. Morgan Stanley raised its position in shares of Sociedad Quimica y Minera by 23.9% during the 1st quarter. Morgan Stanley now owns 126,456 shares of the basic materials company’s stock valued at $4,346,000 after buying an additional 24,434 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Sociedad Quimica y Minera by 17.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 73,610 shares of the basic materials company’s stock worth $2,530,000 after purchasing an additional 10,680 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in Sociedad Quimica y Minera by 23.6% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,050 shares of the basic materials company’s stock worth $397,000 after purchasing an additional 2,300 shares during the period. Sei Investments Co. raised its position in Sociedad Quimica y Minera by 185.9% in the 2nd quarter. Sei Investments Co. now owns 74,012 shares of the basic materials company’s stock worth $2,444,000 after purchasing an additional 48,124 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in Sociedad Quimica y Minera by 4.3% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 73,000 shares of the basic materials company’s stock worth $2,411,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 12.74% of the company’s stock.

Shares of Sociedad Quimica y Minera (SQM) traded up $1.74 during mid-day trading on Thursday, reaching $51.94. 1,417,564 shares of the company’s stock traded hands, compared to its average volume of 976,657. The stock has a market cap of $14,250.00, a PE ratio of 34.54, a P/E/G ratio of 0.97 and a beta of 1.01. Sociedad Quimica y Minera has a 1-year low of $26.68 and a 1-year high of $63.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.31 and a current ratio of 3.79.

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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.

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

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