Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$19.29.

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday. Raymond James Financial raised Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$15.00 to C$21.00 in a research note on Tuesday, April 28th. National Bank Financial raised their target price on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Finally, 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 research note on Thursday, April 23rd.

Chemtrade Logistics Income Fund Stock Up 1.0%

Shares of TSE CHE.UN opened at C$16.76 on Thursday. The company has a market capitalization of C$1.88 billion, a P/E ratio of 13.74 and a beta of 0.65. Chemtrade Logistics Income Fund has a 52-week low of C$10.61 and a 52-week high of C$18.43. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The company’s 50 day moving average price is C$16.01 and its 200-day moving average price is C$15.22.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be paid a $0.06 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.3%. Chemtrade Logistics Income Fund’s payout ratio is currently 56.56%.

Chemtrade Logistics Income Fund Company Profile

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.