Chemtrade Logistics Income Fund (TSE:CHE.UN) Announces Quarterly Earnings Results

Chemtrade Logistics Income Fund (TSE:CHE.UN) issued its quarterly earnings data on Wednesday. The company reported C$0.31 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$578.70 million for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%.

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN opened at C$16.40 on Thursday. 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 stock has a market capitalization of C$1.85 billion, a P/E ratio of 15.92 and a beta of 0.87. The company’s fifty day moving average is C$16.27 and its two-hundred day moving average is C$16.16. Chemtrade Logistics Income Fund has a 1 year low of C$11.02 and a 1 year high of C$18.43.

Analysts Set New Price Targets

CHE.UN has been the subject of several recent research reports. BMO Capital Markets upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 target price for the company in a research note on Thursday, April 23rd. Royal Bank Of Canada boosted their price target 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. Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$21.00 in a research report on Tuesday, April 28th. Finally, Scotia upped 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$19.25.

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.