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

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$19.25.

A number of brokerages have weighed in 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. BMO Capital Markets upgraded 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. Scotia boosted their target price on Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$15.00 to C$21.00 in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada raised their price target on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th.

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN stock opened at C$15.47 on Friday. The stock has a market cap of C$1.72 billion, a P/E ratio of 15.02 and a beta of 0.83. 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 company has a fifty day moving average price of C$16.50 and a two-hundred day moving average price of C$15.82. Chemtrade Logistics Income Fund has a one year low of C$11.01 and a one year high of C$18.43.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last released its quarterly earnings data on Monday, May 11th. The company reported C$0.23 earnings per share for the quarter. The company 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%. As a group, equities analysts predict that Chemtrade Logistics Income Fund will post 0.9919929 EPS for the current year.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.7%. Chemtrade Logistics Income Fund’s payout ratio is presently 67.72%.

About Chemtrade Logistics Income Fund

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.