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

Chemtrade Logistics Income Fund (TSE:CHE.UN) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$19.56.

Separately, Desjardins boosted their price target on shares of Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a “buy” rating in a research note on Friday, August 14th.

Chemtrade Logistics Income Fund Price Performance

CHE.UN stock opened at C$14.80 on Wednesday. Chemtrade Logistics Income Fund has a 1 year low of C$12.83 and a 1 year high of C$18.43. 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 business has a 50 day simple moving average of C$15.79 and a 200-day simple moving average of C$16.03. The firm has a market capitalization of C$1.66 billion, a PE ratio of 11.65 and a beta of 0.77.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. The business had revenue of C$578.70 million during the quarter. Equities research analysts anticipate that Chemtrade Logistics Income Fund will post 0.9919929 earnings per share for the current fiscal year.

Chemtrade Logistics Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. Chemtrade Logistics Income Fund’s dividend payout ratio is currently 55.51%.

Chemtrade Logistics Income Fund Company Profile

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also one of the largest producers of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, and zinc oxide.