Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$19.56.

Several equities analysts recently issued reports on the company. Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$15.00 to C$21.00 in a report on Tuesday, April 28th. Scotia boosted their price objective on Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Royal Bank Of Canada upped their target price on shares of 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. Finally, Desjardins raised their target price on shares of Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the company a “buy” rating in a research note on Friday, August 14th.

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Chemtrade Logistics Income Fund Stock Up 1.0%

Shares of CHE.UN opened at C$15.53 on Friday. The firm has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 12.23 and a beta of 0.87. 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 business’s fifty day moving average price is C$16.20 and its two-hundred day moving average price is C$16.17. Chemtrade Logistics Income Fund has a 52 week low of C$12.73 and a 52 week high of C$18.43.

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$0.31 earnings per share for the quarter. The company had revenue of C$578.70 million during the quarter. Chemtrade Logistics Income Fund had a return on equity of 19.73% and a net margin of 7.85%. On average, analysts predict that Chemtrade Logistics Income Fund will post 0.9919929 earnings per share for the current year.

About Chemtrade Logistics Income Fund

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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.

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