Chemtrade Logistics Income Fund (TSE:CHE.UN) Issues Quarterly Earnings Results

Chemtrade Logistics Income Fund (TSE:CHE.UN) posted its quarterly earnings results on Wednesday. The company reported C$0.31 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$578.70 million for the quarter. Chemtrade Logistics Income Fund had a return on equity of 19.73% and a net margin of 7.85%.

Chemtrade Logistics Income Fund Stock Down 0.2%

TSE:CHE.UN opened at C$16.37 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. Chemtrade Logistics Income Fund has a 12-month low of C$11.02 and a 12-month high of C$18.43. The stock’s fifty day simple moving average is C$16.27 and its 200-day simple moving average is C$16.17. The firm has a market capitalization of C$1.84 billion, a P/E ratio of 15.89 and a beta of 0.87.

Analyst Ratings Changes

Several analysts have weighed in on CHE.UN shares. BMO Capital Markets raised Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price objective for the company in a report on Thursday, April 23rd. Scotia raised their target price on shares of 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. Royal Bank Of Canada lifted 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, Raymond James Financial raised shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$15.00 to C$21.00 in a research note on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$19.25.

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.