Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$19.56 Consensus Target Price from Analysts

Chemtrade Logistics Income Fund (TSE:CHE.UN) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$19.56.

CHE.UN has been the subject of a number of analyst reports. Desjardins raised their price target on shares of Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Royal Bank Of Canada upped their price objective on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Scotia boosted their price target 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.

Chemtrade Logistics Income Fund Trading Up 0.7%

Shares of CHE.UN stock opened at C$15.21 on Friday. Chemtrade Logistics Income Fund has a 52-week low of C$12.73 and a 52-week high of C$18.43. The stock has a market cap of C$1.71 billion, a price-to-earnings ratio of 11.98 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 firm has a fifty day moving average of C$16.15 and a 200-day moving average of C$16.16.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last issued its earnings results on Wednesday, August 12th. The company reported C$0.31 earnings per share for the quarter. The business 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%. On average, equities research analysts forecast that Chemtrade Logistics Income Fund will post 0.9919929 earnings per share for the current fiscal year.

About Chemtrade Logistics Income Fund

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.