Santander Lowers Sociedad Quimica y Minera de Chile (SQM) to Hold

Share on StockTwits

Santander cut shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) from a buy rating to a hold rating in a research report released on Wednesday morning, BenzingaRatingsTable reports.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a hold rating to a buy rating and set a $48.00 price target for the company in a research report on Saturday, January 19th. Deutsche Bank lowered Sociedad Quimica y Minera de Chile from a buy rating to a hold rating in a report on Monday, February 25th. JPMorgan Chase & Co. cut Sociedad Quimica y Minera de Chile from an overweight rating to a neutral rating and reduced their price objective for the stock from $51.00 to $43.00 in a research note on Friday, March 1st. Citigroup downgraded Sociedad Quimica y Minera de Chile from a buy rating to a neutral rating and decreased their target price for the stock from $53.00 to $41.00 in a report on Tuesday, March 5th. Finally, Bank of America downgraded Sociedad Quimica y Minera de Chile from a buy rating to a neutral rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Sociedad Quimica y Minera de Chile has a consensus rating of Hold and a consensus price target of $47.17.

NYSE SQM opened at $38.86 on Wednesday. The firm has a market capitalization of $10.23 billion, a P/E ratio of 23.27, a PEG ratio of 1.38 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32. Sociedad Quimica y Minera de Chile has a 1 year low of $36.57 and a 1 year high of $58.69.

Several institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new position in Sociedad Quimica y Minera de Chile during the fourth quarter valued at $38,000. Federated Investors Inc. PA purchased a new stake in Sociedad Quimica y Minera de Chile in the third quarter valued at $70,000. Virtus ETF Advisers LLC boosted its holdings in Sociedad Quimica y Minera de Chile by 145.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 1,736 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 1,028 shares during the last quarter. Lavaca Capital LLC acquired a new stake in Sociedad Quimica y Minera de Chile during the 4th quarter worth about $76,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Sociedad Quimica y Minera de Chile during the 4th quarter worth about $112,000. 11.09% of the stock is owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

Featured Story: Net Margin – Understanding the Different Kinds of Profit

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

Receive News & Ratings for Sociedad Quimica y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.