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

Chemtrade Logistics Income Fund (TSE:CHE.UN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.99 and traded as high as C$16.53. Chemtrade Logistics Income Fund shares last traded at C$16.00, with a volume of 439,599 shares trading hands.

Analyst Ratings Changes

Several research firms recently commented on CHE.UN. National Bank Financial boosted their price target 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. Royal Bank Of Canada lifted their price objective on shares of Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Raymond James Financial raised shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$15.00 to C$21.00 in a research report on Tuesday, April 28th. BMO Capital Markets upgraded shares of 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. Finally, Scotia raised their price target 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 report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$19.25.

Chemtrade Logistics Income Fund Price Performance

The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.47. The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of 15.53 and a beta of 0.88. The business’s 50-day moving average price is C$16.39 and its two-hundred day moving average price is C$15.99.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last posted 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 for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. On average, research analysts forecast that Chemtrade Logistics Income Fund will post 0.9919929 EPS for the current fiscal year.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.5%. Chemtrade Logistics Income Fund’s payout ratio is presently 67.72%.

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.