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Agribusiness Stocks: November Post-Earnings Update

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Part 9
Agribusiness Stocks: November Post-Earnings Update PART 9 OF 9

What to Expect from SQM: Analysts’ Ratings and Target Price

SQM’s earnings

Sociedad Quimica y Minera de Chile (SQM) is expected to release its earnings on November 22. It’s expected to report an EPS (earnings per share) of $0.41, which would mean earnings growth of 3% year-over-year.

Recently, Sociedad Quimica y Minera de Chile has been in the news due to the PotashCorp (POT) and Agrium (AGU) merger. These companies received approval from regulators in China on the condition that PotashCorp sells its stake in Sociedad Quimica y Minera de Chile.

What to Expect from SQM: Analysts&#8217; Ratings and Target Price

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Analysts’ ratings

As of November 10, the consensus mean rating of 12 analysts for the Sociedad Quimica y Minera de Chile stood at 2.7 with an overall recommendation of a “hold.” The rating changed from 2.2 in our rating series in October.

Out of the 12 analysts, two maintained a “strong buy” recommendation on the stock, while one analyst had a “buy” recommendation on the stock for the next 12-month period.

Most of the analysts had a “hold” recommendation for the company—similar to Scotts Miracle-Gro (SMG), PotashCorp (POT), and Monsanto (MON).

Target price

The current consensus mean target price for Sociedad Quimica y Minera de Chile stood at $49.4, which rose from $48.6 in our October report.

Lately, the company’s prospects for its lithium division might have driven investors’ (MOO) enthusiasm. Lithium is used in batteries. The recent wave of electric cars could be a positive development for this division.

To learn more about agribusiness stocks, visit Market Realist’s Agricultural Fertilizers page

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