Chemtrade Logistics (CHE.UN – Research 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.