
What Analysts Recommend for Sociedad Química in August 2017
By Adam JonesUpdated
Sociedad Química y Minera de Chile
Sociedad Química y Minera de Chile (SQM) supplies agricultural chemicals (XLB), industrial chemicals, and lithium and its derivatives. Lately, lithium demand has gained momentum due to a rising demand from electric car manufacturers. In the previous part of this series, we saw that FMC (FMC) has risen 45.0% YTD (year-to-date). Similarly, Sociedad Química y Minera de Chile (SQM) has risen 49.0% YTD.
Analyst ratings
As of August 18, 2017, the mean consensus analyst rating on Sociedad Química y Minera de Chile stock was 2.3 with a “buy” recommendation for the next 12-month period. Of the 13 analysts surveyed by Reuters, only one has a “strong buy” recommendation, while two analysts have a “buy” recommendation.
Similar to Monsanto (MON), CF Industries (CF), and PotashCorp (POT), most, or eight, analysts have a “hold” recommendation on Sociedad Química y Minera de Chile, while two analysts have a “sell” recommendation for the next 12 months.
Price target
As of August 18, 2017, the consensus analyst mean price target on Sociedad Química y Minera de Chile was $36.10. The current market price was much higher at $42.90 compared to the price target, indicating that the market is more optimistic on the stock than the analysts.
Next, let’s take a look at analysts’ ratings for Scotts Miracle-Gro (SMG).