Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Rating Lowered by Raymond James Financial

Key Points

• Raymond James downgraded Chemtrade Logistics Income Fund (TSE:CHE.UN) from "strong‑buy" to "market perform" and cut its price target to C$15.00 from C$21.00, implying only about a 4.2% upside from the current share price.
• Shares fell C$3.36 to C$14.40 on heavy volume (2.73M vs. average 355k); the company shows high leverage (debt‑to‑equity 128.02), a P/E of 11.8 and a market cap of about C$1.62 billion.
• Analyst sentiment is mixed—three Buy and three Hold ratings yield a consensus "Moderate Buy" and an average target of C$18.14, amid divergent revisions from peers (e.g., BMO cut its target to C$18.50 while National Bank raised its target to C$23.50).

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) was downgraded by equities research analysts at Raymond James Financial from a "strong-buy" rating to a "market perform" rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$15.00 price objective on the stock, down from their previous price objective of C$21.00. Raymond James Financial's price objective indicates a potential upside of 4.17% from the stock's current price.

A number of other equities analysts have also commented on the company. BMO Capital Markets reduced their price objective on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an "outperform" rating on the stock in a research note on Friday, January 9th. National Bank Financial boosted their price objective on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an "outperform" rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$18.14.

Chemtrade Logistics Income Fund Price Performance

Chemtrade Logistics Income Fund stock traded down C$3.36 on Tuesday, reaching C$14.40. The company's stock had a trading volume of 2,727,765 shares, compared to its average volume of 355,348. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The company has a market cap of C$1.62 billion, a price-to-earnings ratio of 11.80 and a beta of 0.56. The business's fifty day moving average price is C$15.84 and its 200 day moving average price is C$14.80. Chemtrade Logistics Income Fund has a twelve month low of C$9.14 and a twelve month high of C$17.96.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.