Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Chemtrade Logistics Income Fund has a “Moderate Buy” consensus rating from seven analysts: five buys and two holds. The average 12-month price target is C$19.56, above the reported share price of C$15.53.
• Recent broker actions were generally positive, with Raymond James upgrading the fund to “outperform” and raising its target to C$21.00; Scotia, RBC, and Desjardins also increased their price targets.
• Chemtrade reported quarterly earnings of C$0.31 per share on revenue of C$578.7 million. The fund has a C$1.74 billion market capitalization, but its debt-to-equity ratio is elevated at 128.02.

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven analysts that are covering the company, MarketBeat 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 twelve-month price objective among brokerages that have covered the stock in the last year is C$19.56.

Several analysts have recently commented on the company. Scotia increased their target price 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. Raymond James Financial raised Chemtrade Logistics Income Fund from a "market perform" rating to an "outperform" rating and lifted their price target for the company from C$15.00 to C$21.00 in a report on Tuesday, April 28th. Royal Bank Of Canada upped their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 13th. Finally, Desjardins increased their price objective on shares of Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a "buy" rating in a report on Friday, August 14th.

Chemtrade Logistics Income Fund Stock Up 1.0%

Shares of CHE.UN opened at C$15.53 on Friday. The company has a market capitalization of C$1.74 billion, a P/E ratio of 12.23 and a beta of 0.87. 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 has a one year low of C$12.73 and a one year high of C$18.43. The business's 50 day simple moving average is C$16.20 and its 200-day simple moving average is C$16.17.

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

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