Chemtrade Logistics Income Fund (TSE:CHE.UN) Raised to Outperform at Raymond James Financial

Chemtrade Logistics Income Fund (TSE:CHE.UN) was upgraded by investment analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a C$21.00 target price on the stock, up from their prior target price of C$15.00. Raymond James Financial’s target price would suggest a potential upside of 25.22% from the stock’s current price.

Several other analysts have also weighed in on CHE.UN. National Bank Financial lifted their target price on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a research report on Monday, April 13th. BMO Capital Markets raised 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 report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$19.00.

Chemtrade Logistics Income Fund Stock Performance

Chemtrade Logistics Income Fund stock traded up C$0.13 on Tuesday, hitting C$16.77. The company’s stock had a trading volume of 381,113 shares, compared to its average volume of 385,965. The firm has a market cap of C$1.88 billion, a P/E ratio of 13.75 and a beta of 0.56. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The company has a fifty day moving average price of C$15.73 and a 200-day moving average price of C$14.95. Chemtrade Logistics Income Fund has a one year low of C$9.35 and a one year high of C$17.96.

About Chemtrade Logistics Income Fund

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.