How Analysts Rate SQM after Earnings Release

Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile (SQM) has continued to give a lackluster performance compared to its 2017 rally. The stock is trading almost 4% lower YTD (year-to-date), while peer (LIT) Albemarle (ALB) is down almost 23%, and FMC (FMC) is down almost 7.6% YTD as of May 10.

How Analysts Rate SQM after Earnings Release

Analyst ratings

The mean consensus analyst rating on Sociedad Química y Minera de Chile continues to move sideways at 2.4 month-over-month, indicating no change in analysts’ sentiment on the stock. The stock still has an overall recommendation of a “buy.” Currently, three analysts continue to recommend a “strong buy” on the stock for the next 12 months. Four analysts continue to have a “buy” recommendation, four have a “hold” recommendation, while two analysts continue to recommend a “sell” on the stock for the next 12 months.

Price target

The current consensus mean price target on Sociedad Química y Minera de Chile S.A. stood at $58.6, unchanged from a month ago. The current consensus median price target remained lower at $56.8 in the current month. Compared to the closing price of $56.2 on May 10, the mean price target has just about a 3.6% upside, while the stock is trading almost close to the median price target.

In the next article, we’ll discuss CF Industries (CF).