Chemtrade Logistics (CHE.UN) Gets a Hold Rating from Raymond James

Chemtrade Logistics (CHE.UNResearch Report), the Materials sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. The Materials company, Chemtrade Logistics (TSX: CHE.UN) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Hansen is ranked #1177 out of 5600 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Chemtrade Logistics with a C$12.00 average price target, an 9.0% upside from current levels. In a report released today, CIBC also reiterated a Hold rating on the stock with a C$12.00 price target.

Based on Chemtrade Logistics’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$57.58 million. In comparison, last year the company had a net profit of C$9.19 million.

Chemtrade Logistics Income Fund engages in the provision of portfolio of industrial chemicals and value-added services. It operates through the following segments: Sulphur Products & Performance Chemicals, Water Solutions & Specialty Chemicals, Electrochemicals, and Corporate.

The company’s shares closed last Friday at C$11.00.