Sociedad Quimica y Minera de Chile (NYSE: SQM) was downgraded by investment analysts at Miller Tabak from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
Sociedad Quimica y Minera de Chile traded down 2.33% on Wednesday, hitting $54.46. Sociedad Quimica y Minera de Chile has a 52-week low of $50.41 and a 52-week high of $65.31. The stock’s 50-day moving average is currently $56.51. The company has a market cap of $14.334 billion and a price-to-earnings ratio of 22.02.
A number of other analysts have also recently weighed in on SQM. Analysts at Bank of America downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. Analysts at Morgan Stanley upgraded shares of Sociedad Quimica y Minera de Chile from an “underweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 22nd.
Two research analysts have rated the stock with a buy rating, one has given an overweight rating, and five have issued a hold rating to the company. The company presently has an average rating of “overweight” and an average price target of $662.56.
Sociedad Quimica y Minera de Chile SA (SQM) is a Chilean producer of specialty plant nutrients and chemicals.
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