Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Down 18.4% - Here's What Happened

Key Points

• Shares plunged 18.4% on Tuesday, trading as low as C$13.51 and last at C$14.49, with volume jumping to 1,097,264 shares (up 243% versus the average) from a prior close of C$17.76.
• Analysts remain generally positive with a consensus rating of “Moderate Buy” and a C$19.00 average price target, though views vary—BMO cut its target to C$18.50 while National Bank raised theirs to C$23.50.
• Chemtrade has a C$1.62B market cap and a P/E of 11.8 but carries high leverage (debt-to-equity ~128%) and weak short-term liquidity (current ratio 0.40), which could heighten investor concern.

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) shares fell 18.4% during trading on Tuesday . The company traded as low as C$13.51 and last traded at C$14.49. 1,097,264 shares changed hands during trading, an increase of 243% from the average session volume of 319,987 shares. The stock had previously closed at C$17.76.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHE.UN. BMO Capital Markets lowered their price target on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an "outperform" rating for the company in a research report on Friday, January 9th. National Bank Financial upped their price target on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an "outperform" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$19.00.

Chemtrade Logistics Income Fund Price Performance

The business has a 50-day simple moving average of C$15.84 and a 200 day simple moving average of C$14.80. The firm has a market cap of C$1.62 billion, a P/E ratio of 11.82 and a beta of 0.56. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.

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