Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Recommendation of “Moderate Buy” by Analysts

Chemtrade Logistics Income Fund (TSE:CHE.UN) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$19.25.

Several equities analysts recently issued reports on CHE.UN shares. Raymond James Financial upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$15.00 to C$21.00 in a report on Tuesday, April 28th. National Bank Financial lifted their price objective on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Monday, April 13th. BMO Capital Markets raised Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price objective for the company in a research report on Thursday, April 23rd. Scotia boosted their price objective on Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada upped their target price on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th.

Chemtrade Logistics Income Fund Stock Down 1.1%

Chemtrade Logistics Income Fund stock opened at C$16.36 on Tuesday. The firm has a market cap of C$1.84 billion, a price-to-earnings ratio of 15.88 and a beta of 0.88. Chemtrade Logistics Income Fund has a 52-week low of C$11.02 and a 52-week high of C$18.43. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.47 and a current ratio of 0.40. The firm has a 50 day moving average price of C$16.37 and a two-hundred day moving average price of C$16.08.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.23 EPS for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. The company had revenue of C$503.00 million for the quarter. Equities analysts predict that Chemtrade Logistics Income Fund will post 0.9919929 EPS for the current year.

Chemtrade Logistics Income Fund Company Profile

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also one of the largest producers of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, and zinc oxide.