Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$19.56.

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

Chemtrade Logistics Income Fund Price Performance

CHE.UN stock opened at C$14.78 on Thursday. The firm has a 50 day moving average price of C$14.69 and a 200-day moving average price of C$15.75. Chemtrade Logistics Income Fund has a 52-week low of C$13.29 and a 52-week high of C$18.43. The firm has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 11.64 and a beta of 0.86. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.47 and a current ratio of 0.40.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$578.70 million for the quarter. Chemtrade Logistics Income Fund had a return on equity of 19.73% and a net margin of 7.85%. Equities research analysts forecast that Chemtrade Logistics Income Fund will post 0.99 EPS for the current fiscal year.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, August 31st. 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.