Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Chemtrade Logistics Income Fund (TSE:CHE.UN) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, 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 price target among analysts that have issued a report on the stock in the last year is C$19.25.

A number of analysts recently issued reports on the stock. 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 on the stock in a research report on Thursday, April 23rd. National Bank Financial upped their target price on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a research note on Monday, April 13th. Royal Bank Of Canada boosted 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 report on Wednesday, May 13th. Scotia lifted their target price 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, Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$15.00 to C$21.00 in a report on Tuesday, April 28th.

Chemtrade Logistics Income Fund Price Performance

TSE:CHE.UN opened at C$16.36 on Tuesday. Chemtrade Logistics Income Fund has a 1-year low of C$11.02 and a 1-year high of C$18.43. The company has a 50-day moving average of C$16.36 and a 200 day moving average of C$16.10. The firm has a market cap of C$1.84 billion, a PE ratio of 15.88 and a beta of 0.88. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.47.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last issued its quarterly earnings results on Monday, May 11th. The company reported C$0.23 earnings per share for the quarter. The company had revenue of C$503.00 million for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. As a group, research analysts anticipate that Chemtrade Logistics Income Fund will post 0.9919929 EPS 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.