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

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

Chemtrade Logistics Income Fund Price Performance

Shares of CHE.UN stock remained flat at C$16.40 on Wednesday. The company had a trading volume of 171,300 shares, compared to its average volume of 338,941. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.47. Chemtrade Logistics Income Fund has a one year low of C$11.02 and a one year high of C$18.43. The firm has a market cap of C$1.85 billion, a P/E ratio of 15.92 and a beta of 0.87. The company has a 50-day simple moving average of C$16.28 and a 200 day simple moving average of C$16.15.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Scotia raised their price target on Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. BMO Capital Markets upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 target price for the company in a research note on Thursday, April 23rd. Royal Bank Of Canada lifted their target price 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, Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$15.00 to C$21.00 in a research report on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.