Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.11 and traded as high as C$16.30. Chemtrade Logistics Income Fund shares last traded at C$16.28, with a volume of 229,516 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James Financial upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$15.00 to C$21.00 in a research report on Tuesday, April 28th. BMO Capital Markets upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price target for the company in a research note on Thursday, April 23rd. Scotia increased their price target on 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 raised their price objective on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, 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 report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Chemtrade Logistics Income Fund presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.25.

Chemtrade Logistics Income Fund Trading Up 0.4%

The company has a current ratio of 0.40, a quick ratio of 0.47 and a debt-to-equity ratio of 128.02. The firm has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 15.82 and a beta of 0.87. The firm’s 50-day moving average is C$16.32 and its 200 day moving average is C$16.12.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$503.00 million during the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. On average, equities analysts predict that Chemtrade Logistics Income Fund will post 0.9919929 earnings per share 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.