Chemtrade Logistics Income Fund (TSE:CHE.UN) Given New C$18.50 Price Target at Desjardins

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective boosted by Desjardins from C$17.25 to C$18.50 in a research note published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on CHE.UN. Scotia boosted 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 research report on Thursday, May 14th. Raymond James Financial raised Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$15.00 to C$21.00 in a report on Tuesday, April 28th. 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 on the stock in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their price objective on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Chemtrade Logistics Income Fund presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.56.

Chemtrade Logistics Income Fund Stock Up 1.5%

Shares of TSE CHE.UN opened at C$16.61 on Friday. The stock has a market cap of C$1.86 billion, a PE ratio of 13.08 and a beta of 0.87. Chemtrade Logistics Income Fund has a 52-week low of C$11.75 and a 52-week high of C$18.43. The business has a 50-day moving average price of C$16.27 and a 200 day moving average price of C$16.17. 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 (TSE:CHE.UN) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.31 earnings per share (EPS) 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 for the quarter. Equities research analysts forecast that Chemtrade Logistics Income Fund will post 0.9919929 earnings per share for the current 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.