Deutsche Bank (DE:DBKGn) analyst David Begleiter maintained a Buy rating on Sociedad Quimica Y Minera SA (NYSE:SQM) on Thursday, setting a price target of $70, which is approximately 40.96% above the present share price of $49.66.
Begleiter expects Sociedad Quimica Y Minera SA to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Sociedad Quimica Y Minera SA, with an average price target of $53.67.
The analysts price targets range from a high of $70 to a low of $45.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $528.48 million and a net profit of $111.93 million. The company's market cap is $13.07 billion.
According to TipRanks.com, Deutsche Bank analyst David Begleiter is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.6% and a 70.07% success rate.
Sociedad Quimica y Minera de Chile SA engages in the production & distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following six segments: Specialty Plant Nutrients, Industrial Chemicals, Iodine & Derivatives, Lithium & Derivatives, Potassium and Other Products & Services. The Specialty Plant Nutrients Segment produces potassium nitrate, sodium nitrate, sodium potassium nitrate and specialty blends. The Industrial Chemicals Segment offers industrial chemicals including sodium nitrate, potassium nitrate and boric acid. The Iodine and Derivatives Segment manufactures iodine and iodine derivatives, which are used in a wide range of medical, pharmaceutical, agricultural and industrial applications. The Lithium and Derivatives Segments covers lithium carbonate for electrochemical materials for batteries; frits for the ceramic and enamel industries; heat-resistant glass; air conditioning chemicals; continuous casting powder for steel extrusion; primary aluminum smelting process; pharmaceuticals; and lithium derivatives. The Potassium Segment produces potassium chloride and potassium sulfate. The Other Products and Services Segment deals with other fertilizers and blends. The company was founded June 17, 1968 and is headquartered in Santiago, Chile.