Chemtrade Logistics Income Fund has seen a notable decline in stock performance this week amid mixed market sentiment.
This week, Chemtrade Logistics Income Fund (CHE-UN.TO) experienced a downward trend, closing at C$15.06, down 1.74% on the day and 3.72% over the week. The company recently held its Q2 earnings call, which provided insights into its operational performance and future outlook.
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Chemtrade Logistics Income Fund
CHE-UN.TO
CHE-UN.TO
Chemtrade Logistics Income Fund
WealthAwesomeMarket cap
$1.74B
P/E
12.2x
Div. yield
4.59%
Div. / share
$0.70
52W high
$18.23
52W low
$12.20
1W change
-3.72%
Beta
1.09
Analyst Price Targets
Based on analyst covering CHE-UN
Wall Street analysts forecast CHE-UN stock price to rise 29.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$19.79
+29.7% Upside
Current Price
C$15.26
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CHE-UN's historical volatility
30-Day Vol
28.2%
Annualized
90-Day Vol
32.1%
Annualized
Trend (90d)
-44.6%
Annualized drift
90d Mean
C$13.01
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$14.47 | C$13.13 โ C$15.95 |
| 60 trading days | C$13.72 | C$11.96 โ C$15.75 |
| 90 trading days | C$13.01 | C$10.99 โ C$15.40 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should consider the implications of the recent earnings call alongside the technical indicators suggesting a cautious approach to Chemtrade's stock.
Chemtrade Logistics Income Fund Closes at C$15.06, Down 3.72% This Week
With a profit margin of 7.0% and a return on equity of 19.4%, Chemtrade demonstrates solid financial fundamentals despite recent market pressures.
Bull case
Analysts have a positive outlook for Chemtrade, with an average target price of C$19.79. This suggests thereโs potential for growth based on the company's market position and performance metrics.
Bear case
However, the stock's recent decline, along with lower trading volume compared to its 20-day average, may indicate a lack of confidence among investors.
Recent Price Action
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Chemtrade Logistics Income Fund's stock closed at C$15.06, reflecting a decrease of 1.74% on Tuesday and a total decline of 3.72% over the past week. Year-to-date, the stock is up 2.76%, but it has seen a monthly decrease of 7.40%, indicating some volatility in recent trading.
Company News and Earnings Call Highlights
Following the recent Q2 earnings call, Chemtrade provided insights into its performance, focusing on operational efficiency and market conditions. Analysts expressed a bullish outlook, with an average target price of C$19.79, suggesting an implied upside of 31.4% from current levels. This optimism, however, must be weighed against the stock's recent performance.
Technical Picture
Currently, Chemtrade's stock is trading below its 50-day moving average of C$16.22, which is down 7.2% from the current price. It is also slightly below the 200-day moving average of C$15.71, which is down 4.1%. The stock has a beta of 1.09, indicating it is slightly more volatile than the broader market. The 52-week range for the stock is C$12.20 to C$18.23, with the current price at approximately 47% of this range. Trading volume has been lower than average, with the latest volume at 132,501 shares, compared to a 20-day average of 254,268 shares, reflecting a volume ratio of 0.86.
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