Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$19.25 Average PT from Brokerages

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned 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$19.25.

CHE.UN has been the subject of several research analyst reports. National Bank Financial lifted 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 note 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 price objective on the stock in a research report on Thursday, April 23rd. Scotia increased their price objective on Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Royal Bank Of Canada raised their price objective 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. Finally, Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$15.00 to C$21.00 in a research report on Tuesday, April 28th.

Chemtrade Logistics Income Fund Price Performance

Shares of TSE:CHE.UN opened at C$16.75 on Friday. The company’s fifty day moving average price is C$16.52 and its 200-day moving average price is C$15.89. 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 firm has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 16.26 and a beta of 0.88. Chemtrade Logistics Income Fund has a one year low of C$11.02 and a one year high of C$18.43.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.23 earnings per share (EPS) for the quarter. The company had revenue of C$503.00 million during the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. On average, 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 Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 29th were paid 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 4.3%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is 67.72%.

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.